Centaurus Financial Inc. Invests $537,000 in JPMorgan U.S. Momentum Factor ETF $JMOM

Centaurus Financial Inc. acquired a new stake in JPMorgan U.S. Momentum Factor ETF (NYSEARCA:JMOM) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 8,345 shares of the company’s stock, valued at approximately $537,000.

Several other institutional investors and hedge funds have also modified their holdings of JMOM. Orion Porfolio Solutions LLC grew its stake in JPMorgan U.S. Momentum Factor ETF by 3.0% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 65,418 shares of the company’s stock worth $4,206,000 after acquiring an additional 1,877 shares during the period. Advisory Services Network LLC lifted its stake in shares of JPMorgan U.S. Momentum Factor ETF by 1.7% during the 2nd quarter. Advisory Services Network LLC now owns 15,124 shares of the company’s stock worth $979,000 after purchasing an additional 251 shares during the period. Corient Private Wealth LLC boosted its holdings in shares of JPMorgan U.S. Momentum Factor ETF by 2,519.9% during the second quarter. Corient Private Wealth LLC now owns 116,586 shares of the company’s stock worth $7,495,000 after purchasing an additional 112,136 shares during the last quarter. Equitable Holdings Inc. grew its position in shares of JPMorgan U.S. Momentum Factor ETF by 9.7% in the second quarter. Equitable Holdings Inc. now owns 922,833 shares of the company’s stock valued at $59,329,000 after purchasing an additional 81,745 shares during the period. Finally, Smartleaf Asset Management LLC grew its position in shares of JPMorgan U.S. Momentum Factor ETF by 334.8% in the second quarter. Smartleaf Asset Management LLC now owns 687 shares of the company’s stock valued at $44,000 after purchasing an additional 529 shares during the period.

JPMorgan U.S. Momentum Factor ETF Trading Down 0.4%

NYSEARCA JMOM opened at $67.99 on Wednesday. The business’s 50-day moving average price is $68.02 and its 200 day moving average price is $65.98. JPMorgan U.S. Momentum Factor ETF has a twelve month low of $48.68 and a twelve month high of $69.71. The company has a market capitalization of $1.71 billion, a PE ratio of 27.64 and a beta of 1.04.

JPMorgan U.S. Momentum Factor ETF 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.