Cetera Investment Advisers Sells 811 Shares of JPMorgan US Momentum Factor ETF (NYSEARCA:JMOM)

Cetera Investment Advisers lessened its position in shares of JPMorgan US Momentum Factor ETF (NYSEARCA:JMOM) by 2.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 39,536 shares of the company’s stock after selling 811 shares during the period. Cetera Investment Advisers owned about 0.23% of JPMorgan US Momentum Factor ETF worth $2,304,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the company. HighTower Advisors LLC grew its holdings in shares of JPMorgan US Momentum Factor ETF by 1.5% in the 4th quarter. HighTower Advisors LLC now owns 59,207 shares of the company’s stock valued at $3,450,000 after acquiring an additional 894 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of JPMorgan US Momentum Factor ETF in the 4th quarter valued at about $777,000. Oxford Financial Group LTD. LLC bought a new position in shares of JPMorgan US Momentum Factor ETF in the 4th quarter valued at about $376,000. 5T Wealth LLC bought a new position in shares of JPMorgan US Momentum Factor ETF in the 4th quarter valued at about $567,000. Finally, LPL Financial LLC grew its holdings in shares of JPMorgan US Momentum Factor ETF by 10.3% in the 4th quarter. LPL Financial LLC now owns 241,063 shares of the company’s stock valued at $14,047,000 after acquiring an additional 22,576 shares in the last quarter.

JPMorgan US Momentum Factor ETF Price Performance

Shares of NYSEARCA JMOM opened at $61.36 on Monday. The stock has a market capitalization of $1.45 billion, a price-to-earnings ratio of 26.42 and a beta of 1.05. The business has a 50-day moving average of $56.27 and a 200-day moving average of $58.83. JPMorgan US Momentum Factor ETF has a fifty-two week low of $48.68 and a fifty-two week high of $62.61.

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.