JPMorgan U.S. Momentum Factor ETF (NYSEARCA:JMOM) Sets New 1-Year High – What’s Next?

JPMorgan U.S. Momentum Factor ETF (NYSEARCA:JMOM) shares reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $69.75 and last traded at $69.8030, with a volume of 16137 shares trading hands. The stock had previously closed at $69.30.

JPMorgan U.S. Momentum Factor ETF Stock Performance

The business has a fifty day moving average of $68.28 and a two-hundred day moving average of $66.67. The firm has a market capitalization of $1.80 billion, a price-to-earnings ratio of 27.64 and a beta of 1.04.

Hedge Funds Weigh In On JPMorgan U.S. Momentum Factor ETF

Large investors have recently modified their holdings of the stock. Triumph Capital Management boosted its holdings in shares of JPMorgan U.S. Momentum Factor ETF by 22.7% during the 3rd quarter. Triumph Capital Management now owns 4,152 shares of the company’s stock worth $282,000 after buying an additional 768 shares during the period. Centaurus Financial Inc. lifted its position in JPMorgan U.S. Momentum Factor ETF by 3.1% during the third quarter. Centaurus Financial Inc. now owns 8,605 shares of the company’s stock worth $584,000 after acquiring an additional 260 shares during the last quarter. Hershey Financial Advisers LLC bought a new stake in shares of JPMorgan U.S. Momentum Factor ETF during the third quarter worth approximately $497,000. National Bank of Canada FI acquired a new position in shares of JPMorgan U.S. Momentum Factor ETF in the third quarter valued at approximately $98,000. Finally, Delos Wealth Advisors LLC grew its position in shares of JPMorgan U.S. Momentum Factor ETF by 5.4% in the third quarter. Delos Wealth Advisors LLC now owns 44,564 shares of the company’s stock valued at $3,026,000 after purchasing an additional 2,285 shares during the last quarter.

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.