Midwest Trust Co Takes Position in JPMorgan U.S. Momentum Factor ETF $JMOM

Midwest Trust Co bought a new position in shares of JPMorgan U.S. Momentum Factor ETF (NYSEARCA:JMOM) in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor bought 6,286 shares of the company’s stock, valued at approximately $427,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Federation des caisses Desjardins du Quebec acquired a new stake in JPMorgan U.S. Momentum Factor ETF in the 4th quarter valued at $39,000. Smartleaf Asset Management LLC raised its position in JPMorgan U.S. Momentum Factor ETF by 334.8% during the second quarter. Smartleaf Asset Management LLC now owns 687 shares of the company’s stock worth $44,000 after acquiring an additional 529 shares during the period. Kestra Advisory Services LLC acquired a new position in JPMorgan U.S. Momentum Factor ETF during the fourth quarter worth $53,000. National Bank of Canada FI purchased a new position in JPMorgan U.S. Momentum Factor ETF during the third quarter valued at $98,000. Finally, Fifth Third Bancorp lifted its holdings in JPMorgan U.S. Momentum Factor ETF by 139.8% during the first quarter. Fifth Third Bancorp now owns 1,930 shares of the company’s stock valued at $131,000 after purchasing an additional 1,125 shares in the last quarter.

JPMorgan U.S. Momentum Factor ETF Stock Up 0.8%

Shares of NYSEARCA JMOM opened at $83.31 on Wednesday. The company’s 50-day simple moving average is $81.96 and its 200-day simple moving average is $74.64. JPMorgan U.S. Momentum Factor ETF has a 52-week low of $63.29 and a 52-week high of $85.64. The firm has a market cap of $2.49 billion, a price-to-earnings ratio of 27.64 and a beta of 1.06.

JPMorgan U.S. Momentum Factor ETF 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.