Lodestar Private Asset Management LLC Buys 28,551 Shares of JPMorgan U.S. Momentum Factor ETF $JMOM

Lodestar Private Asset Management LLC purchased a new stake in JPMorgan U.S. Momentum Factor ETF (NYSEARCA:JMOM) in the third quarter, Holdings Channel.com reports. The institutional investor purchased 28,551 shares of the company’s stock, valued at approximately $2,380,000.

A number of other hedge funds and other institutional investors have also modified their holdings of JMOM. Shore Point Advisors LLC increased its position in shares of JPMorgan U.S. Momentum Factor ETF by 0.6% in the third quarter. Shore Point Advisors LLC now owns 705,841 shares of the company’s stock worth $58,832,000 after acquiring an additional 4,305 shares in the last quarter. ARQ Wealth Advisors LLC lifted its position in shares of JPMorgan U.S. Momentum Factor ETF by 8.0% in the 1st quarter. ARQ Wealth Advisors LLC now owns 188,864 shares of the company’s stock valued at $12,828,000 after acquiring an additional 13,930 shares in the last quarter. Cassia Capital Partners LLC lifted its position in shares of JPMorgan U.S. Momentum Factor ETF by 8.9% in the 1st quarter. Cassia Capital Partners LLC now owns 141,476 shares of the company’s stock valued at $9,609,000 after acquiring an additional 11,610 shares in the last quarter. Wealth Enhancement Trust Services Inc. lifted its position in shares of JPMorgan U.S. Momentum Factor ETF by 12.6% in the 3rd quarter. Wealth Enhancement Trust Services Inc. now owns 81,841 shares of the company’s stock valued at $6,821,000 after acquiring an additional 9,139 shares in the last quarter. Finally, Fifth Third Wealth Advisors LLC boosted its stake in JPMorgan U.S. Momentum Factor ETF by 58.3% in the 3rd quarter. Fifth Third Wealth Advisors LLC now owns 69,968 shares of the company’s stock worth $5,832,000 after purchasing an additional 25,762 shares during the period.

JPMorgan U.S. Momentum Factor ETF Stock Performance

NYSEARCA JMOM opened at $81.71 on Wednesday. JPMorgan U.S. Momentum Factor ETF has a twelve month low of $64.82 and a twelve month high of $86.07. The stock has a market cap of $2.74 billion, a price-to-earnings ratio of 27.64 and a beta of 1.06. The firm’s 50 day moving average price is $82.80 and its two-hundred day moving average price is $77.86.

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.