Newfound Research LLC Cuts Stake in JPMorgan US Momentum Factor ETF (NYSEARCA:JMOM)

Newfound Research LLC lessened its position in JPMorgan US Momentum Factor ETF (NYSEARCA:JMOMGet Rating) by 18.5% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 82,752 shares of the company’s stock after selling 18,765 shares during the period. JPMorgan US Momentum Factor ETF accounts for about 6.4% of Newfound Research LLC’s investment portfolio, making the stock its 5th largest holding. Newfound Research LLC’s holdings in JPMorgan US Momentum Factor ETF were worth $3,006,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently bought and sold shares of the company. EverSource Wealth Advisors LLC bought a new position in JPMorgan US Momentum Factor ETF in the 4th quarter worth $44,000. Northwestern Mutual Wealth Management Co. bought a new position in JPMorgan US Momentum Factor ETF in the 1st quarter worth $109,000. Strategic Financial Services Inc bought a new position in JPMorgan US Momentum Factor ETF in the 1st quarter worth $235,000. Snider Financial Group bought a new position in JPMorgan US Momentum Factor ETF in the 1st quarter worth $261,000. Finally, Fort Point Capital Partners LLC raised its holdings in JPMorgan US Momentum Factor ETF by 6.4% in the 1st quarter. Fort Point Capital Partners LLC now owns 7,118 shares of the company’s stock worth $313,000 after acquiring an additional 430 shares during the period.

JPMorgan US Momentum Factor ETF Stock Performance

NYSEARCA JMOM traded down $0.75 during midday trading on Friday, hitting $35.79. The company had a trading volume of 100 shares, compared to its average volume of 37,661. The firm has a fifty day simple moving average of $39.36 and a two-hundred day simple moving average of $39.73. JPMorgan US Momentum Factor ETF has a fifty-two week low of $34.85 and a fifty-two week high of $49.42.

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Institutional Ownership by Quarter for JPMorgan US Momentum Factor ETF (NYSEARCA:JMOM)

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