JPMorgan US Momentum Factor ETF (NYSEARCA:JMOM) Position Reduced by Private Advisor Group LLC

Private Advisor Group LLC lowered its stake in JPMorgan US Momentum Factor ETF (NYSEARCA:JMOM) by 38.3% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 5,501 shares of the company’s stock after selling 3,418 shares during the period. Private Advisor Group LLC’s holdings in JPMorgan US Momentum Factor ETF were worth $314,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Blue Trust Inc. grew its stake in JPMorgan US Momentum Factor ETF by 1.7% during the 3rd quarter. Blue Trust Inc. now owns 3,193,722 shares of the company’s stock worth $171,179,000 after buying an additional 53,566 shares during the last quarter. Good Life Advisors LLC acquired a new position in shares of JPMorgan US Momentum Factor ETF during the third quarter valued at $204,000. Cornerstone Wealth Management LLC grew its position in shares of JPMorgan US Momentum Factor ETF by 0.7% during the third quarter. Cornerstone Wealth Management LLC now owns 141,062 shares of the company’s stock worth $8,059,000 after acquiring an additional 931 shares during the last quarter. Creative Planning grew its position in shares of JPMorgan US Momentum Factor ETF by 6.1% during the third quarter. Creative Planning now owns 4,716 shares of the company’s stock worth $269,000 after acquiring an additional 272 shares during the last quarter. Finally, Patten Group Inc. increased its holdings in shares of JPMorgan US Momentum Factor ETF by 2.3% in the 3rd quarter. Patten Group Inc. now owns 8,753 shares of the company’s stock worth $500,000 after acquiring an additional 195 shares during the period.

JPMorgan US Momentum Factor ETF Price Performance

Shares of JMOM stock opened at $59.59 on Thursday. The business has a 50 day simple moving average of $56.80 and a 200 day simple moving average of $54.31. The firm has a market capitalization of $1.03 billion, a price-to-earnings ratio of 23.45 and a beta of 1.03. JPMorgan US Momentum Factor ETF has a 12-month low of $41.41 and a 12-month high of $59.60.

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.