JPMorgan U.S. Momentum Factor ETF (NYSEARCA:JMOM) Reaches New 12-Month High – Still a Buy?

JPMorgan U.S. Momentum Factor ETF (NYSEARCA:JMOM)’s stock price hit a new 52-week high on Monday . The stock traded as high as $70.33 and last traded at $70.3240, with a volume of 74685 shares changing hands. The stock had previously closed at $70.08.

JPMorgan U.S. Momentum Factor ETF Trading Up 0.5%

The company has a fifty day simple moving average of $68.40 and a 200-day simple moving average of $66.93. The stock has a market cap of $1.82 billion, a price-to-earnings ratio of 27.64 and a beta of 1.04.

Institutional Investors Weigh In On JPMorgan U.S. Momentum Factor ETF

Several institutional investors and hedge funds have recently bought and sold shares of the business. Brookwood Investment Group LLC increased its stake in shares of JPMorgan U.S. Momentum Factor ETF by 2.8% in the third quarter. Brookwood Investment Group LLC now owns 7,958 shares of the company’s stock valued at $540,000 after buying an additional 213 shares in the last quarter. Advisory Services Network LLC grew its stake in shares of JPMorgan U.S. Momentum Factor ETF by 1.7% during the 2nd quarter. Advisory Services Network LLC now owns 15,124 shares of the company’s stock worth $979,000 after acquiring an additional 251 shares in the last quarter. Castleview Partners LLC increased its position in shares of JPMorgan U.S. Momentum Factor ETF by 5.7% during the 4th quarter. Castleview Partners LLC now owns 4,785 shares of the company’s stock worth $326,000 after purchasing an additional 259 shares during the last quarter. Centaurus Financial Inc. raised its stake in JPMorgan U.S. Momentum Factor ETF by 3.1% in the third quarter. Centaurus Financial Inc. now owns 8,605 shares of the company’s stock valued at $584,000 after buying an additional 260 shares during the period. Finally, Kathmere Capital Management LLC raised its holdings in JPMorgan U.S. Momentum Factor ETF by 0.5% in the 2nd quarter. Kathmere Capital Management LLC now owns 62,664 shares of the company’s stock valued at $4,029,000 after acquiring an additional 309 shares during the period.

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.