First Heartland Consultants Inc. Buys Shares of 61,365 JPMorgan U.S. Momentum Factor ETF $JMOM

First Heartland Consultants Inc. bought a new stake in shares of JPMorgan U.S. Momentum Factor ETF (NYSEARCA:JMOM) in the 4th quarter, Holdings Channel.com reports. The institutional investor bought 61,365 shares of the company’s stock, valued at approximately $4,182,000.

Several other hedge funds have also made changes to their positions in JMOM. Hazlett Burt & Watson Inc. acquired a new position in JPMorgan U.S. Momentum Factor ETF during the 3rd quarter valued at approximately $44,000. Smartleaf Asset Management LLC increased its position in 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 worth $44,000 after buying an additional 529 shares during the period. Abich Financial Wealth Management LLC acquired a new stake in JPMorgan U.S. Momentum Factor ETF in the third quarter worth $51,000. Fifth Third Bancorp bought a new stake in JPMorgan U.S. Momentum Factor ETF in the third quarter valued at $55,000. Finally, Root Financial Partners LLC bought a new stake in JPMorgan U.S. Momentum Factor ETF in the third quarter valued at $87,000.

JPMorgan U.S. Momentum Factor ETF Stock Performance

Shares of JMOM opened at $68.71 on Tuesday. The firm has a fifty day moving average of $70.20 and a 200-day moving average of $68.85. The company has a market cap of $1.89 billion, a price-to-earnings ratio of 27.64 and a beta of 1.04. JPMorgan U.S. Momentum Factor ETF has a 1 year low of $48.68 and a 1 year high of $71.65.

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.