Raymond James Financial Services Advisors Inc. Sells 17,997 Shares of JPMorgan U.S. Momentum Factor ETF (NYSEARCA:JMOM)

Raymond James Financial Services Advisors Inc. decreased its stake in shares of JPMorgan U.S. Momentum Factor ETF (NYSEARCA:JMOM) by 71.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 7,113 shares of the company’s stock after selling 17,997 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in JPMorgan U.S. Momentum Factor ETF were worth $325,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of JMOM. Raymond James & Associates boosted its holdings in JPMorgan U.S. Momentum Factor ETF by 5.0% during the 4th quarter. Raymond James & Associates now owns 6,283 shares of the company’s stock worth $237,000 after acquiring an additional 301 shares during the last quarter. Fort Point Capital Partners LLC grew its position in JPMorgan U.S. Momentum Factor ETF by 6.4% in the 1st quarter. Fort Point Capital Partners LLC now owns 7,118 shares of the company’s stock worth $313,000 after purchasing an additional 430 shares in the last quarter. UBS Group AG grew its position in JPMorgan U.S. Momentum Factor ETF by 49.7% in the 3rd quarter. UBS Group AG now owns 1,618 shares of the company’s stock worth $66,000 after purchasing an additional 537 shares in the last quarter. RHS Financial LLC increased its stake in JPMorgan U.S. Momentum Factor ETF by 7.5% in the 3rd quarter. RHS Financial LLC now owns 8,354 shares of the company’s stock valued at $343,000 after buying an additional 586 shares during the last quarter. Finally, Advisor Group Holdings Inc. lifted its position in shares of JPMorgan U.S. Momentum Factor ETF by 3,395.0% during the 4th quarter. Advisor Group Holdings Inc. now owns 699 shares of the company’s stock worth $27,000 after buying an additional 679 shares in the last quarter.

JPMorgan U.S. Momentum Factor ETF Stock Down 0.9 %

JMOM stock opened at $49.47 on Monday. The firm has a market cap of $828.62 million, a PE ratio of 23.54 and a beta of 1.01. The business has a 50 day moving average of $51.20 and a 200-day moving average of $46.60. JPMorgan U.S. Momentum Factor ETF has a 12-month low of $38.50 and a 12-month high of $52.95.

JPMorgan U.S. 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.