Asempa Wealth Advisors Invests $515,000 in JPMorgan U.S. Momentum Factor ETF $JMOM

Asempa Wealth Advisors purchased a new stake in shares of JPMorgan U.S. Momentum Factor ETF (NYSEARCA:JMOM) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 7,563 shares of the company’s stock, valued at approximately $515,000.

Several other institutional investors also recently modified their holdings of JMOM. Brookwood Investment Group LLC lifted its position in JPMorgan U.S. Momentum Factor ETF by 2.8% during the third quarter. Brookwood Investment Group LLC now owns 7,958 shares of the company’s stock valued at $540,000 after purchasing an additional 213 shares during the period. Advisory Services Network LLC boosted its holdings in JPMorgan U.S. Momentum Factor ETF by 1.7% in the second 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 last quarter. Centaurus Financial Inc. grew its position in JPMorgan U.S. Momentum Factor ETF by 3.1% in the 3rd quarter. Centaurus Financial Inc. now owns 8,605 shares of the company’s stock worth $584,000 after purchasing an additional 260 shares during the period. Northwestern Mutual Wealth Management Co. grew its position in JPMorgan U.S. Momentum Factor ETF by 7.2% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 6,042 shares of the company’s stock worth $388,000 after purchasing an additional 408 shares during the period. Finally, Synovus Financial Corp raised its stake in JPMorgan U.S. Momentum Factor ETF by 5.2% during the 3rd quarter. Synovus Financial Corp now owns 9,976 shares of the company’s stock valued at $678,000 after buying an additional 497 shares during the last quarter.

JPMorgan U.S. Momentum Factor ETF Price Performance

NYSEARCA JMOM opened at $67.69 on Monday. The business’s fifty day moving average price is $70.23 and its 200-day moving average price is $68.83. The stock has a market capitalization of $1.86 billion, a price-to-earnings ratio of 27.64 and a beta of 1.04. JPMorgan U.S. Momentum Factor ETF has a 1-year low of $48.68 and a 1-year high of $71.65.

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.