JPMorgan U.S. Momentum Factor ETF (NYSEARCA:JMOM) Sets New 12-Month High – Here’s Why

Shares of JPMorgan U.S. Momentum Factor ETF (NYSEARCA:JMOM) hit a new 52-week high during trading on Wednesday . The company traded as high as $77.59 and last traded at $77.40, with a volume of 50891 shares traded. The stock had previously closed at $76.39.

JPMorgan U.S. Momentum Factor ETF Price Performance

The stock has a 50-day moving average of $71.16 and a 200 day moving average of $69.78. The stock has a market capitalization of $2.22 billion, a price-to-earnings ratio of 27.64 and a beta of 1.06.

Institutional Trading of JPMorgan U.S. Momentum Factor ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Gallacher Capital Management LLC increased its position in JPMorgan U.S. Momentum Factor ETF by 0.9% in the fourth quarter. Gallacher Capital Management LLC now owns 15,717 shares of the company’s stock worth $1,071,000 after purchasing an additional 146 shares during the period. Castleview Partners LLC grew its position in shares of JPMorgan U.S. Momentum Factor ETF by 3.7% during the 1st quarter. Castleview Partners LLC now owns 4,960 shares of the company’s stock worth $337,000 after buying an additional 175 shares during the period. Mayflower Financial Advisors LLC grew its position in shares of JPMorgan U.S. Momentum Factor ETF by 2.7% during the 4th quarter. Mayflower Financial Advisors LLC now owns 8,668 shares of the company’s stock worth $591,000 after buying an additional 229 shares during the period. Detalus Advisors LLC grew its position in shares of JPMorgan U.S. Momentum Factor ETF by 6.7% during the 4th quarter. Detalus Advisors LLC now owns 3,946 shares of the company’s stock worth $269,000 after buying an additional 248 shares during the period. Finally, Advisory Services Network LLC grew its position in shares of JPMorgan U.S. Momentum Factor ETF by 1.7% during the 2nd quarter. Advisory Services Network LLC now owns 15,124 shares of the company’s stock worth $979,000 after buying an additional 251 shares during the period.

About JPMorgan U.S. Momentum Factor ETF

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.