JPMorgan U.S. Momentum Factor ETF $JMOM Position Trimmed by JPMorgan Chase & Co.

JPMorgan Chase & Co. reduced its holdings in JPMorgan U.S. Momentum Factor ETF (NYSEARCA:JMOM) by 28.4% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 530,619 shares of the company’s stock after selling 210,042 shares during the quarter. JPMorgan Chase & Co. owned approximately 2.12% of JPMorgan U.S. Momentum Factor ETF worth $36,031,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Hazlett Burt & Watson Inc. acquired a new stake in JPMorgan U.S. Momentum Factor ETF during the third quarter worth about $44,000. Smartleaf Asset Management LLC grew its holdings in shares of JPMorgan U.S. Momentum Factor ETF by 334.8% during 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 last quarter. Abich Financial Wealth Management LLC bought a new position in shares of JPMorgan U.S. Momentum Factor ETF during the third quarter valued at approximately $51,000. Fifth Third Bancorp acquired a new stake in shares of JPMorgan U.S. Momentum Factor ETF during the 3rd quarter worth approximately $55,000. Finally, Root Financial Partners LLC acquired a new stake in shares of JPMorgan U.S. Momentum Factor ETF during the 3rd quarter worth approximately $87,000.

JPMorgan U.S. Momentum Factor ETF Price Performance

NYSEARCA:JMOM opened at $67.69 on Friday. JPMorgan U.S. Momentum Factor ETF has a 12-month low of $48.68 and a 12-month high of $71.65. The firm has a market capitalization of $1.86 billion, a P/E ratio of 27.64 and a beta of 1.04. The business has a 50 day simple moving average of $70.23 and a 200 day simple moving average of $68.81.

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.