JPMorgan US Momentum Factor ETF (NYSEARCA:JMOM) Shares Sold by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC trimmed its stake in shares of JPMorgan US Momentum Factor ETF (NYSEARCA:JMOM) by 4.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,352 shares of the company’s stock after selling 265 shares during the period. Janney Montgomery Scott LLC’s holdings in JPMorgan US Momentum Factor ETF were worth $312,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Wealth Enhancement Advisory Services LLC raised its holdings in JPMorgan US Momentum Factor ETF by 8.8% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 9,619,219 shares of the company’s stock worth $549,546,000 after purchasing an additional 776,455 shares during the last quarter. Blue Trust Inc. raised its stake in shares of 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. Klaas Financial Asset Advisors LLC raised its stake in shares of JPMorgan US Momentum Factor ETF by 2.4% during the 3rd quarter. Klaas Financial Asset Advisors LLC now owns 421,883 shares of the company’s stock worth $24,102,000 after buying an additional 9,717 shares during the last quarter. Cornerstone Wealth Management LLC boosted its position in shares of JPMorgan US Momentum Factor ETF by 0.7% in the 3rd quarter. Cornerstone Wealth Management LLC now owns 141,062 shares of the company’s stock worth $8,059,000 after buying an additional 931 shares in the last quarter. Finally, Signature Estate & Investment Advisors LLC grew its stake in JPMorgan US Momentum Factor ETF by 25.7% in the 3rd quarter. Signature Estate & Investment Advisors LLC now owns 110,279 shares of the company’s stock valued at $6,300,000 after acquiring an additional 22,521 shares during the last quarter.

JPMorgan US Momentum Factor ETF Price Performance

Shares of NYSEARCA JMOM opened at $62.06 on Wednesday. The firm’s 50-day moving average is $60.39 and its two-hundred day moving average is $58.07. The company has a market capitalization of $1.07 billion, a PE ratio of 23.45 and a beta of 1.03. JPMorgan US Momentum Factor ETF has a 12-month low of $48.48 and a 12-month high of $62.61.

About JPMorgan US 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.