Palumbo Wealth Management LLC lifted its stake in shares of JPMorgan US Momentum Factor ETF (NYSEARCA:JMOM – Free Report) by 2.7% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 11,291 shares of the company’s stock after purchasing an additional 302 shares during the quarter. Palumbo Wealth Management LLC owned 0.07% of JPMorgan US Momentum Factor ETF worth $645,000 as of its most recent SEC filing.
A number of other hedge funds also recently modified their holdings of JMOM. Patten Group Inc. boosted its position in shares of JPMorgan US Momentum Factor ETF by 2.3% during 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 in the last quarter. Creative Planning increased its stake in shares of JPMorgan US Momentum Factor ETF by 6.1% in the 3rd quarter. Creative Planning now owns 4,716 shares of the company’s stock valued at $269,000 after purchasing an additional 272 shares during the last quarter. Private Advisor Group LLC raised its holdings in shares of JPMorgan US Momentum Factor ETF by 5.3% during the 1st quarter. Private Advisor Group LLC now owns 9,013 shares of the company’s stock worth $475,000 after buying an additional 450 shares in the last quarter. Magnolia Capital Advisors LLC lifted its position in shares of JPMorgan US Momentum Factor ETF by 0.6% during the 1st quarter. Magnolia Capital Advisors LLC now owns 91,380 shares of the company’s stock worth $4,521,000 after buying an additional 537 shares during the last quarter. Finally, Cornerstone Wealth Management LLC boosted its stake in JPMorgan US Momentum Factor ETF by 0.7% in the third quarter. Cornerstone Wealth Management LLC now owns 141,062 shares of the company’s stock valued at $8,059,000 after buying an additional 931 shares in the last quarter.
JPMorgan US Momentum Factor ETF Stock Performance
Shares of JMOM traded down $0.63 during mid-day trading on Thursday, reaching $57.44. The company had a trading volume of 1,116 shares, compared to its average volume of 85,634. The company’s 50 day simple moving average is $56.56 and its 200 day simple moving average is $54.04. The company has a market capitalization of $990.84 million, a price-to-earnings ratio of 23.45 and a beta of 1.03. JPMorgan US Momentum Factor ETF has a 1-year low of $39.62 and a 1-year high of $58.95.
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.
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