JPMorgan U.S. Momentum Factor ETF (NYSEARCA:JMOM) Hits New 52-Week High – What’s Next?

JPMorgan U.S. Momentum Factor ETF (NYSEARCA:JMOM) shares reached a new 52-week high on Tuesday . The company traded as high as $85.23 and last traded at $85.23, with a volume of 40113 shares traded. The stock had previously closed at $84.38.

JPMorgan U.S. Momentum Factor ETF Stock Up 1.1%

The stock has a market capitalization of $2.44 billion, a PE ratio of 27.64 and a beta of 1.07. The stock’s 50 day moving average price is $80.15 and its 200-day moving average price is $73.48.

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

A number of institutional investors have recently bought and sold shares of the business. Northwestern Mutual Wealth Management Co. boosted its stake in shares of JPMorgan U.S. Momentum Factor ETF by 16,222.7% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 904,112 shares of the company’s stock worth $61,615,000 after acquiring an additional 898,573 shares during the period. Blue Trust Inc. raised its stake in JPMorgan U.S. Momentum Factor ETF by 9.2% during the 4th quarter. Blue Trust Inc. now owns 4,683,934 shares of the company’s stock valued at $319,210,000 after purchasing an additional 395,006 shares during the period. Wealth Enhancement Advisory Services LLC lifted its holdings in JPMorgan U.S. Momentum Factor ETF by 2.9% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 12,246,694 shares of the company’s stock worth $860,360,000 after purchasing an additional 350,687 shares in the last quarter. Shore Point Advisors LLC lifted its holdings in JPMorgan U.S. Momentum Factor ETF by 28.2% in the 4th quarter. Shore Point Advisors LLC now owns 637,108 shares of the company’s stock worth $43,419,000 after purchasing an additional 140,326 shares in the last quarter. Finally, Equitable Holdings Inc. boosted its stake in JPMorgan U.S. Momentum Factor ETF by 11.3% in the 4th quarter. Equitable Holdings Inc. now owns 1,109,250 shares of the company’s stock worth $75,595,000 after purchasing an additional 112,669 shares during the period.

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.