Centennial Bank AR Lowers Holdings in JPMorgan U.S. Momentum Factor ETF $JMOM

Centennial Bank AR cut its position in JPMorgan U.S. Momentum Factor ETF (NYSEARCA:JMOM) by 19.2% during the 4th quarter, HoldingsChannel.com reports. The firm owned 36,433 shares of the company’s stock after selling 8,643 shares during the quarter. JPMorgan U.S. Momentum Factor ETF accounts for about 1.0% of Centennial Bank AR’s holdings, making the stock its 28th largest holding. Centennial Bank AR’s holdings in JPMorgan U.S. Momentum Factor ETF were worth $2,483,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of JMOM. Federation des caisses Desjardins du Quebec purchased a new stake in JPMorgan U.S. Momentum Factor ETF in the 4th quarter worth approximately $39,000. Smartleaf Asset Management LLC lifted its stake in JPMorgan U.S. Momentum Factor ETF by 334.8% in the 2nd quarter. Smartleaf Asset Management LLC now owns 687 shares of the company’s stock worth $44,000 after purchasing an additional 529 shares in the last quarter. Kestra Advisory Services LLC bought a new position in shares of JPMorgan U.S. Momentum Factor ETF in the 4th quarter worth $53,000. Fifth Third Bancorp bought a new position in shares of JPMorgan U.S. Momentum Factor ETF in the 3rd quarter worth $55,000. Finally, National Bank of Canada FI bought a new position in shares of JPMorgan U.S. Momentum Factor ETF in the 3rd quarter worth $98,000.

JPMorgan U.S. Momentum Factor ETF Price Performance

Shares of NYSEARCA:JMOM opened at $82.88 on Thursday. The company’s fifty day moving average price is $78.32 and its 200-day moving average price is $72.63. The firm has a market capitalization of $2.37 billion, a price-to-earnings ratio of 27.64 and a beta of 1.07. JPMorgan U.S. Momentum Factor ETF has a one year low of $61.37 and a one year high of $84.78.

JPMorgan U.S. Momentum Factor ETF Company 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.