3Chopt Investment Partners LLC Has $3.09 Million Holdings in JPMorgan U.S. Momentum Factor ETF $JMOM

3Chopt Investment Partners LLC lifted its holdings in JPMorgan U.S. Momentum Factor ETF (NYSEARCA:JMOM) by 84.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 48,059 shares of the company’s stock after purchasing an additional 22,065 shares during the quarter. JPMorgan U.S. Momentum Factor ETF accounts for approximately 0.7% of 3Chopt Investment Partners LLC’s investment portfolio, making the stock its 28th biggest holding. 3Chopt Investment Partners LLC’s holdings in JPMorgan U.S. Momentum Factor ETF were worth $3,090,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in JMOM. ROSS JOHNSON & Associates LLC bought a new stake in JPMorgan U.S. Momentum Factor ETF during the 1st quarter worth about $38,000. CWM LLC acquired a new position in JPMorgan U.S. Momentum Factor ETF during the first quarter valued at approximately $45,000. Rossby Financial LCC acquired a new position in JPMorgan U.S. Momentum Factor ETF during the first quarter valued at approximately $72,000. Legacy Wealth Managment LLC ID acquired a new position in shares of JPMorgan U.S. Momentum Factor ETF during the 1st quarter worth approximately $88,000. Finally, Farther Finance Advisors LLC increased its position in shares of JPMorgan U.S. Momentum Factor ETF by 43.1% during the 1st quarter. Farther Finance Advisors LLC now owns 1,677 shares of the company’s stock worth $95,000 after purchasing an additional 505 shares during the last quarter.

JPMorgan U.S. Momentum Factor ETF Trading Down 0.3%

NYSEARCA JMOM opened at $67.99 on Friday. JPMorgan U.S. Momentum Factor ETF has a 12 month low of $48.68 and a 12 month high of $68.47. The stock has a 50 day moving average of $66.34 and a 200-day moving average of $62.15. The company has a market cap of $1.69 billion, a PE ratio of 27.64 and a beta of 1.00.

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.