Moneywise Inc. boosted its position in shares of JPMorgan U.S. Momentum Factor ETF (NYSEARCA:JMOM – Free Report) by 417.3% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 12,276 shares of the company’s stock after acquiring an additional 9,903 shares during the quarter. JPMorgan U.S. Momentum Factor ETF accounts for 1.0% of Moneywise Inc.’s portfolio, making the stock its 29th biggest holding. Moneywise Inc.’s holdings in JPMorgan U.S. Momentum Factor ETF were worth $1,023,000 at the end of the most recent reporting period.
A number of other institutional investors also recently bought and sold shares of JMOM. Fifth Third Securities Inc. bought a new stake in shares of JPMorgan U.S. Momentum Factor ETF during the 3rd quarter valued at about $4,755,000. Hershey Financial Advisers LLC bought a new position in shares of JPMorgan U.S. Momentum Factor ETF in the 1st quarter worth approximately $2,170,000. Lodestar Private Asset Management LLC bought a new position in shares of JPMorgan U.S. Momentum Factor ETF in the 3rd quarter worth approximately $2,380,000. Fifth Third Wealth Advisors LLC lifted its stake in shares of JPMorgan U.S. Momentum Factor ETF by 58.3% in the 3rd quarter. Fifth Third Wealth Advisors LLC now owns 69,968 shares of the company’s stock worth $5,832,000 after purchasing an additional 25,762 shares during the period. Finally, Contango Wealth Management LLC purchased a new position in shares of JPMorgan U.S. Momentum Factor ETF in the first quarter worth approximately $1,356,000.
JPMorgan U.S. Momentum Factor ETF Trading Up 1.0%
JMOM opened at $79.17 on Wednesday. The company has a market cap of $2.68 billion, a price-to-earnings ratio of 24.41 and a beta of 1.06. The company’s 50 day moving average is $82.53 and its 200 day moving average is $78.11. JPMorgan U.S. Momentum Factor ETF has a 12-month low of $64.82 and a 12-month high of $86.07.
JPMorgan U.S. Momentum Factor ETF Company Profile
The JPMorgan U.S. Momentum Factor ETF (JMOM) is an exchange-traded fund that is based on the JP Morgan US Momentum Factor index. The fund tracks an index of US large-cap companies with strong momentum, weighted by optimized market-cap. JMOM was launched on Nov 8, 2017 and is managed by JPMorgan Chase.
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