Cwm LLC Raises Stake in JPMorgan U.S. Momentum Factor ETF $JMOM

Cwm LLC lifted its position in shares of JPMorgan U.S. Momentum Factor ETF (NYSEARCA:JMOM) by 98.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 125,799 shares of the company’s stock after buying an additional 62,412 shares during the quarter. Cwm LLC owned approximately 0.48% of JPMorgan U.S. Momentum Factor ETF worth $8,573,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Asempa Wealth Advisors acquired a new stake in shares of JPMorgan U.S. Momentum Factor ETF in the fourth quarter worth approximately $515,000. Wealth Enhancement Advisory Services LLC boosted its position in shares of JPMorgan U.S. Momentum Factor ETF by 2.6% in 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 during the last quarter. Elevation Capital Advisory LLC acquired a new stake in shares of JPMorgan U.S. Momentum Factor ETF in the third quarter worth approximately $2,512,000. Miracle Mile Advisors LLC acquired a new stake in shares of JPMorgan U.S. Momentum Factor ETF in the third quarter worth approximately $1,636,000. Finally, Blue Trust Inc. boosted its position in shares of JPMorgan U.S. Momentum Factor ETF by 9.2% in the fourth quarter. Blue Trust Inc. now owns 4,683,934 shares of the company’s stock worth $319,210,000 after acquiring an additional 395,006 shares during the last quarter.

JPMorgan U.S. Momentum Factor ETF Stock Performance

JMOM opened at $74.98 on Monday. The company’s 50 day simple moving average is $70.21 and its 200 day simple moving average is $69.23. JPMorgan U.S. Momentum Factor ETF has a 1 year low of $51.93 and a 1 year high of $75.18. The stock has a market capitalization of $2.13 billion, a PE ratio of 27.64 and a beta of 1.05.

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.