JPMorgan U.S. Momentum Factor ETF (NYSEARCA:JMOM) Reaches New 1-Year High – Here’s What Happened

JPMorgan U.S. Momentum Factor ETF (NYSEARCA:JMOM) shares hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $84.27 and last traded at $84.27, with a volume of 2417 shares trading hands. The stock had previously closed at $82.69.

JPMorgan U.S. Momentum Factor ETF Stock Performance

The firm has a 50 day simple moving average of $78.05 and a two-hundred day simple moving average of $72.52. The stock has a market cap of $2.38 billion, a P/E ratio of 27.64 and a beta of 1.07.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. NewEdge Advisors LLC increased its stake in shares of JPMorgan U.S. Momentum Factor ETF by 2.2% during the first quarter. NewEdge Advisors LLC now owns 6,523 shares of the company’s stock valued at $443,000 after acquiring an additional 139 shares during the period. Gallacher Capital Management LLC boosted its position in shares of JPMorgan U.S. Momentum Factor ETF by 0.9% during the 4th quarter. Gallacher Capital Management LLC now owns 15,717 shares of the company’s stock valued at $1,071,000 after purchasing an additional 146 shares in the last quarter. Castleview Partners LLC boosted its position in shares of JPMorgan U.S. Momentum Factor ETF by 3.7% during the 1st quarter. Castleview Partners LLC now owns 4,960 shares of the company’s stock valued at $337,000 after purchasing an additional 175 shares in the last quarter. Mayflower Financial Advisors LLC lifted its holdings in shares of JPMorgan U.S. Momentum Factor ETF by 2.7% during the fourth quarter. Mayflower Financial Advisors LLC now owns 8,668 shares of the company’s stock valued at $591,000 after purchasing an additional 229 shares during the last quarter. Finally, Detalus Advisors LLC lifted its holdings in shares of JPMorgan U.S. Momentum Factor ETF by 6.7% during the fourth quarter. Detalus Advisors LLC now owns 3,946 shares of the company’s stock valued at $269,000 after purchasing an additional 248 shares during 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.