JPMorgan U.S. Momentum Factor ETF (NYSEARCA:JMOM) Sees Unusually-High Trading Volume – Time to Buy?

JPMorgan U.S. Momentum Factor ETF (NYSEARCA:JMOM) shares saw an uptick in trading volume on Tuesday . Approximately 861,205 shares traded hands during trading, an increase of 694% from the previous session’s volume of 108,526 shares.The stock last traded at $82.22 and had previously closed at $80.88.

JPMorgan U.S. Momentum Factor ETF Stock Down 0.2%

The firm has a market capitalization of $2.46 billion, a PE ratio of 27.64 and a beta of 1.06. The business’s fifty day moving average price is $82.29 and its 200 day moving average price is $75.19.

Institutional Trading of JPMorgan U.S. Momentum Factor ETF

Hedge funds and other institutional investors have recently bought and sold shares of the company. Federation des caisses Desjardins du Quebec acquired a new position in JPMorgan U.S. Momentum Factor ETF in the 4th quarter valued at $39,000. Smartleaf Asset Management LLC grew its position in shares of JPMorgan U.S. Momentum Factor ETF by 334.8% in the second quarter. Smartleaf Asset Management LLC now owns 687 shares of the company’s stock valued at $44,000 after purchasing an additional 529 shares during the period. Kestra Advisory Services LLC purchased a new stake in shares of JPMorgan U.S. Momentum Factor ETF in the fourth quarter valued at $53,000. National Bank of Canada FI purchased a new stake in shares of JPMorgan U.S. Momentum Factor ETF in the third quarter valued at $98,000. Finally, Fifth Third Bancorp increased its stake in JPMorgan U.S. Momentum Factor ETF by 139.8% in the first quarter. Fifth Third Bancorp now owns 1,930 shares of the company’s stock valued at $131,000 after purchasing an additional 1,125 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.