Raymond James & Associates Buys 2,022 Shares of JPMorgan US Momentum Factor ETF (NYSEARCA:JMOM)

Raymond James & Associates increased its stake in shares of JPMorgan US Momentum Factor ETF (NYSEARCA:JMOM) by 20.6% in the fourth quarter, Holdings Channel.com reports. The fund owned 11,847 shares of the company’s stock after purchasing an additional 2,022 shares during the period. Raymond James & Associates’ holdings in JPMorgan US Momentum Factor ETF were worth $542,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the stock. RHS Financial LLC lifted its stake in JPMorgan US Momentum Factor ETF by 7.5% in the 3rd quarter. RHS Financial LLC now owns 8,354 shares of the company’s stock worth $343,000 after purchasing an additional 586 shares in the last quarter. Wealthfront Advisers LLC lifted its position in shares of JPMorgan US Momentum Factor ETF by 41.7% in the third quarter. Wealthfront Advisers LLC now owns 9,374 shares of the company’s stock worth $385,000 after buying an additional 2,760 shares in the last quarter. Private Advisor Group LLC bought a new position in JPMorgan US Momentum Factor ETF during the third quarter valued at approximately $390,000. Daymark Wealth Partners LLC purchased a new stake in shares of JPMorgan US Momentum Factor ETF during the 4th quarter worth approximately $611,000. Finally, Great Valley Advisor Group Inc. boosted its position in shares of JPMorgan US Momentum Factor ETF by 278.2% during the 3rd quarter. Great Valley Advisor Group Inc. now owns 28,748 shares of the company’s stock valued at $1,180,000 after acquiring an additional 21,146 shares during the last quarter.

JPMorgan US Momentum Factor ETF Stock Performance

JMOM stock opened at $50.44 on Friday. The firm has a market cap of $852.35 million, a PE ratio of 22.87 and a beta of 1.01. The firm has a fifty day moving average price of $51.27 and a 200 day moving average price of $46.76. JPMorgan US Momentum Factor ETF has a fifty-two week low of $38.50 and a fifty-two week high of $52.95.

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.