Foundations Investment Advisors LLC Makes New $2.01 Million Investment in JPMorgan US Momentum Factor ETF (NYSEARCA:JMOM)

Foundations Investment Advisors LLC bought a new stake in shares of JPMorgan US Momentum Factor ETF (NYSEARCA:JMOM) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 34,465 shares of the company’s stock, valued at approximately $2,008,000.

Several other hedge funds have also made changes to their positions in the company. Assetmark Inc. bought a new stake in shares of JPMorgan US Momentum Factor ETF in the third quarter valued at about $32,000. Good Life Advisors LLC purchased a new position in JPMorgan US Momentum Factor ETF during the 3rd quarter valued at about $204,000. Dynamic Advisor Solutions LLC purchased a new position in JPMorgan US Momentum Factor ETF during the 3rd quarter valued at about $240,000. Creative Planning raised its holdings in shares of JPMorgan US Momentum Factor ETF by 6.1% in the 3rd quarter. Creative Planning now owns 4,716 shares of the company’s stock valued at $269,000 after purchasing an additional 272 shares in the last quarter. Finally, Integrated Wealth Concepts LLC purchased a new stake in shares of JPMorgan US Momentum Factor ETF in the 3rd quarter worth approximately $335,000.

JPMorgan US Momentum Factor ETF Stock Performance

NYSEARCA JMOM opened at $61.10 on Wednesday. The company has a market cap of $1.05 billion, a PE ratio of 23.45 and a beta of 1.03. JPMorgan US Momentum Factor ETF has a 52-week low of $47.13 and a 52-week high of $62.26. The firm’s 50 day moving average price is $60.25 and its 200-day moving average price is $57.53.

JPMorgan US Momentum Factor ETF 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.