JPMorgan U.S. Momentum Factor ETF (NYSEARCA:JMOM) Reaches New 12-Month High – Should You Buy?

JPMorgan U.S. Momentum Factor ETF (NYSEARCA:JMOM) shares hit a new 52-week high during trading on Monday . The company traded as high as $84.85 and last traded at $84.85, with a volume of 1399 shares traded. The stock had previously closed at $82.88.

JPMorgan U.S. Momentum Factor ETF Price Performance

The stock has a fifty day moving average of $78.87 and a 200 day moving average of $72.85. The stock has a market cap of $2.42 billion, a price-to-earnings ratio of 27.64 and a beta of 1.07.

Institutional Trading of JPMorgan U.S. Momentum Factor ETF

A number of hedge funds have recently added to or reduced their stakes in JMOM. Wealth Enhancement Advisory Services LLC grew its holdings in JPMorgan U.S. Momentum Factor ETF by 2.9% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 12,246,694 shares of the company’s stock valued at $860,360,000 after buying an additional 350,687 shares in the last quarter. Blue Trust Inc. lifted its holdings in shares of JPMorgan U.S. Momentum Factor ETF by 1.8% in the 1st quarter. Blue Trust Inc. now owns 4,767,446 shares of the company’s stock worth $323,805,000 after acquiring an additional 83,512 shares during the last quarter. Equitable Holdings Inc. boosted its position in shares of JPMorgan U.S. Momentum Factor ETF by 11.3% during the fourth quarter. Equitable Holdings Inc. now owns 1,109,250 shares of the company’s stock worth $75,595,000 after buying an additional 112,669 shares during the period. Northwestern Mutual Wealth Management Co. boosted its holdings in JPMorgan U.S. Momentum Factor ETF by 16,222.7% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 904,112 shares of the company’s stock valued at $61,615,000 after acquiring an additional 898,573 shares during the period. Finally, Shore Point Advisors LLC boosted its holdings in JPMorgan U.S. Momentum Factor ETF by 28.2% during the 4th quarter. Shore Point Advisors LLC now owns 637,108 shares of the company’s stock valued at $43,419,000 after acquiring an additional 140,326 shares during the period.

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.