JPMorgan U.S. Momentum Factor ETF (NYSEARCA:JMOM – Get Free Report) shares hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $72.79 and last traded at $72.78, with a volume of 52913 shares changing hands. The stock had previously closed at $71.75.
JPMorgan U.S. Momentum Factor ETF Price Performance
The stock has a market cap of $2.06 billion, a P/E ratio of 27.64 and a beta of 1.05. The company has a fifty day moving average price of $69.86 and a 200 day moving average price of $69.05.
Institutional Investors Weigh In On JPMorgan U.S. Momentum Factor ETF
Hedge funds and other institutional investors have recently modified their holdings of the company. Federation des caisses Desjardins du Quebec bought a new stake in shares of JPMorgan U.S. Momentum Factor ETF during the fourth quarter valued at approximately $39,000. Hazlett Burt & Watson Inc. bought a new stake in shares of JPMorgan U.S. Momentum Factor ETF during the third quarter valued at approximately $44,000. Smartleaf Asset Management LLC increased its holdings in shares of JPMorgan U.S. Momentum Factor ETF by 334.8% during the second quarter. Smartleaf Asset Management LLC now owns 687 shares of the company’s stock valued at $44,000 after acquiring an additional 529 shares in the last quarter. Abich Financial Wealth Management LLC bought a new stake in shares of JPMorgan U.S. Momentum Factor ETF during the third quarter valued at approximately $51,000. Finally, Kestra Advisory Services LLC bought a new stake in shares of JPMorgan U.S. Momentum Factor ETF during the fourth quarter valued at approximately $53,000.
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.
Further Reading
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