JPMorgan U.S. Momentum Factor ETF (NYSEARCA:JMOM) Reaches New 52-Week High – Should You Buy?

Shares of JPMorgan U.S. Momentum Factor ETF (NYSEARCA:JMOM) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $69.75 and last traded at $69.8030, with a volume of 16137 shares changing hands. The stock had previously closed at $69.30.

JPMorgan U.S. Momentum Factor ETF Price Performance

The stock has a market capitalization of $1.79 billion, a P/E ratio of 27.64 and a beta of 1.04. The stock’s fifty day moving average is $68.34 and its 200-day moving average is $66.77.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the stock. Hazlett Burt & Watson Inc. bought a new stake in JPMorgan U.S. Momentum Factor ETF during the third quarter worth approximately $44,000. Smartleaf Asset Management LLC lifted its stake in shares of JPMorgan U.S. Momentum Factor ETF by 334.8% in the second quarter. Smartleaf Asset Management LLC now owns 687 shares of the company’s stock worth $44,000 after buying an additional 529 shares during the last quarter. Abich Financial Wealth Management LLC bought a new stake in shares of JPMorgan U.S. Momentum Factor ETF during the 3rd quarter worth $51,000. Fifth Third Bancorp acquired a new position in JPMorgan U.S. Momentum Factor ETF in the 3rd quarter valued at $55,000. Finally, Root Financial Partners LLC bought a new position in JPMorgan U.S. Momentum Factor ETF in the 3rd quarter worth $87,000.

About JPMorgan U.S. Momentum Factor ETF

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.