Brightwater Advisory LLC Sells 1,953 Shares of JPMorgan US Momentum Factor ETF (NYSEARCA:JMOM)

Brightwater Advisory LLC trimmed its holdings in JPMorgan US Momentum Factor ETF (NYSEARCA:JMOM) by 14.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 11,199 shares of the company’s stock after selling 1,953 shares during the quarter. Brightwater Advisory LLC owned approximately 0.06% of JPMorgan US Momentum Factor ETF worth $640,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Sunbelt Securities Inc. purchased a new position in JPMorgan US Momentum Factor ETF during the 1st quarter valued at about $80,000. Delos Wealth Advisors LLC boosted its position in JPMorgan US Momentum Factor ETF by 11.0% during the 2nd quarter. Delos Wealth Advisors LLC now owns 39,205 shares of the company’s stock valued at $2,101,000 after acquiring an additional 3,896 shares in the last quarter. Cetera Investment Advisers purchased a new position in shares of JPMorgan US Momentum Factor ETF in the 1st quarter valued at $1,973,000. Goodman Advisory Group LLC bought a new position in shares of JPMorgan US Momentum Factor ETF in the 2nd quarter worth $756,000. Finally, Magnolia Capital Advisors LLC boosted its position in JPMorgan US Momentum Factor ETF by 1.4% during the second quarter. Magnolia Capital Advisors LLC now owns 92,629 shares of the company’s stock valued at $4,965,000 after purchasing an additional 1,249 shares in the last quarter.

JPMorgan US Momentum Factor ETF Stock Up 0.6 %

Shares of NYSEARCA JMOM traded up $0.35 during trading hours on Wednesday, hitting $57.86. 11,998 shares of the stock were exchanged, compared to its average volume of 89,277. The company has a market cap of $998.09 million, a PE ratio of 23.45 and a beta of 1.03. JPMorgan US Momentum Factor ETF has a 12 month low of $39.25 and a 12 month high of $57.86. The firm has a fifty day moving average price of $54.96 and a 200-day moving average price of $53.37.

JPMorgan US 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.