JPMorgan U.S. Momentum Factor ETF (NYSEARCA:JMOM) Hits New 52-Week High – What’s Next?

by · The Markets Daily

JPMorgan U.S. Momentum Factor ETF (NYSEARCA:JMOM – Get Free Report)’s stock price hit a new 52-week high during mid-day trading on Tuesday. The company traded as high as $86.03 and last traded at $85.76, with a volume of 45604 shares. The stock had previously closed at $85.19.

JPMorgan U.S. Momentum Factor ETF Trading Up 0.8%

The stock’s 50-day moving average is $83.06 and its 200-day moving average is $79.93. The stock has a market cap of $2.83 billion, a price-to-earnings ratio of 27.64 and a beta of 1.06.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. Blue Trust Inc. lifted its position in JPMorgan U.S. Momentum Factor ETF by 1.8% during 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 in the last quarter. Hershey Financial Advisers LLC bought a new stake in shares of JPMorgan U.S. Momentum Factor ETF in the 1st quarter worth about $2,170,000. Zhang Financial LLC bought a new stake in JPMorgan U.S. Momentum Factor ETF in the first quarter valued at about $838,000. Silver Oak Securities Incorporated acquired a new stake in shares of JPMorgan U.S. Momentum Factor ETF during the 1st quarter valued at approximately $1,546,000. Finally, Corient Private Wealth LLC raised its holdings in shares of JPMorgan U.S. Momentum Factor ETF by 1,034.4% during the fourth quarter. Corient Private Wealth LLC now owns 118,073 shares of the company’s stock worth $8,047,000 after purchasing an additional 107,665 shares during the period.

About JPMorgan U.S. Momentum Factor ETF

(Get Free Report)

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.

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