JPMorgan Chase & Co. Trims Stock Holdings in JPMorgan U.S. Momentum Factor ETF $JMOM

JPMorgan Chase & Co. lowered its stake in shares of JPMorgan U.S. Momentum Factor ETF (NYSEARCA:JMOM) by 28.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 530,619 shares of the company’s stock after selling 210,042 shares during the period. JPMorgan Chase & Co. owned 2.12% of JPMorgan U.S. Momentum Factor ETF worth $36,031,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. HighTower Advisors LLC lifted its holdings in JPMorgan U.S. Momentum Factor ETF by 2.5% in the 3rd quarter. HighTower Advisors LLC now owns 60,748 shares of the company’s stock valued at $4,125,000 after purchasing an additional 1,501 shares in the last quarter. Abich Financial Wealth Management LLC acquired a new position in shares of JPMorgan U.S. Momentum Factor ETF in the third quarter valued at approximately $51,000. Atria Investments Inc purchased a new position in shares of JPMorgan U.S. Momentum Factor ETF during the third quarter valued at approximately $2,180,000. Prospera Financial Services Inc boosted its position in JPMorgan U.S. Momentum Factor ETF by 32.4% during the third quarter. Prospera Financial Services Inc now owns 6,918 shares of the company’s stock worth $470,000 after acquiring an additional 1,692 shares during the last quarter. Finally, Envestnet Asset Management Inc. boosted its position in JPMorgan U.S. Momentum Factor ETF by 13.7% during the third quarter. Envestnet Asset Management Inc. now owns 16,411 shares of the company’s stock worth $1,114,000 after acquiring an additional 1,980 shares during the last quarter.

JPMorgan U.S. Momentum Factor ETF Stock Performance

Shares of JMOM opened at $71.05 on Friday. JPMorgan U.S. Momentum Factor ETF has a fifty-two week low of $48.68 and a fifty-two week high of $71.65. The company has a market capitalization of $1.95 billion, a PE ratio of 27.64 and a beta of 1.04. The stock has a fifty day moving average of $70.10 and a two-hundred day moving average of $68.32.

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.