JPMorgan U.S. Momentum Factor ETF (NYSEARCA:JMOM) Hits New 12-Month High – What’s Next?

JPMorgan U.S. Momentum Factor ETF (NYSEARCA:JMOM) shares hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $85.70 and last traded at $85.64, with a volume of 8092 shares trading hands. The stock had previously closed at $84.87.

JPMorgan U.S. Momentum Factor ETF Price Performance

The company’s 50 day moving average is $82.73 and its 200 day moving average is $76.49. The stock has a market cap of $2.65 billion, a price-to-earnings ratio of 27.64 and a beta of 1.06.

Institutional Investors Weigh In On JPMorgan U.S. Momentum Factor ETF

Several institutional investors have recently modified their holdings of JMOM. Blue Trust Inc. increased its stake in JPMorgan U.S. Momentum Factor ETF by 1.8% in the 1st quarter. Blue Trust Inc. now owns 4,767,446 shares of the company’s stock valued at $323,805,000 after purchasing an additional 83,512 shares in the last quarter. Equitable Holdings Inc. boosted its position in JPMorgan U.S. Momentum Factor ETF by 11.3% during the fourth quarter. Equitable Holdings Inc. now owns 1,109,250 shares of the company’s stock worth $75,595,000 after purchasing an additional 112,669 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in JPMorgan U.S. Momentum Factor ETF by 16,222.7% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 904,112 shares of the company’s stock valued at $61,615,000 after purchasing an additional 898,573 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in JPMorgan U.S. Momentum Factor ETF by 8.9% in the fourth quarter. JPMorgan Chase & Co. now owns 577,984 shares of the company’s stock valued at $39,390,000 after purchasing an additional 47,365 shares during the last quarter. Finally, Klaas Financial Asset Advisors LLC increased its position in shares of JPMorgan U.S. Momentum Factor ETF by 0.7% in the fourth quarter. Klaas Financial Asset Advisors LLC now owns 437,789 shares of the company’s stock valued at $29,835,000 after buying an additional 3,154 shares in the last quarter.

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.