ARQ Wealth Advisors LLC Sells 8,557 Shares of JPMorgan U.S. Momentum Factor ETF $JMOM

ARQ Wealth Advisors LLC reduced its stake in shares of JPMorgan U.S. Momentum Factor ETF (NYSEARCA:JMOM) by 5.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 163,440 shares of the company’s stock after selling 8,557 shares during the quarter. JPMorgan U.S. Momentum Factor ETF comprises 3.3% of ARQ Wealth Advisors LLC’s portfolio, making the stock its 4th biggest position. ARQ Wealth Advisors LLC owned 0.65% of JPMorgan U.S. Momentum Factor ETF worth $11,098,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC lifted its holdings in JPMorgan U.S. Momentum Factor ETF by 2.6% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 11,896,007 shares of the company’s stock worth $804,527,000 after acquiring an additional 301,812 shares in the last quarter. Elevation Capital Advisory LLC acquired a new position in JPMorgan U.S. Momentum Factor ETF in the third quarter valued at about $2,512,000. Miracle Mile Advisors LLC bought a new stake in shares of JPMorgan U.S. Momentum Factor ETF in the third quarter worth about $1,636,000. Corient Private Wealth LLC increased its holdings in shares of JPMorgan U.S. Momentum Factor ETF by 2,519.9% in the second quarter. Corient Private Wealth LLC now owns 116,586 shares of the company’s stock worth $7,495,000 after acquiring an additional 112,136 shares in the last quarter. Finally, 17 Capital Partners LLC raised its position in shares of JPMorgan U.S. Momentum Factor ETF by 18.4% during the second quarter. 17 Capital Partners LLC now owns 11,345 shares of the company’s stock worth $729,000 after purchasing an additional 1,762 shares during the period.

JPMorgan U.S. Momentum Factor ETF Price Performance

NYSEARCA:JMOM opened at $69.75 on Wednesday. JPMorgan U.S. Momentum Factor ETF has a fifty-two week low of $48.68 and a fifty-two week high of $71.65. The stock has a market capitalization of $1.91 billion, a PE ratio of 27.64 and a beta of 1.04. The business’s 50-day simple moving average is $70.30 and its 200-day simple moving average is $68.76.

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.