JPMorgan U.S. Momentum Factor ETF (NYSEARCA:JMOM) Sees Unusually-High Trading Volume – Should You Buy?

Shares of JPMorgan U.S. Momentum Factor ETF (NYSEARCA:JMOM) saw an uptick in trading volume on Wednesday . Approximately 237,620 shares were traded during trading, an increase of 105% from the previous session’s volume of 116,065 shares.The stock last traded at $81.81 and had previously closed at $81.61.

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

The company has a 50 day moving average of $82.91 and a 200 day moving average of $77.94. The firm has a market cap of $2.56 billion, a price-to-earnings ratio of 27.64 and a beta of 1.06.

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

Several large investors have recently made changes to their positions in JMOM. Northwestern Mutual Wealth Management Co. lifted its holdings in JPMorgan U.S. Momentum Factor ETF by 16,222.7% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 904,112 shares of the company’s stock valued at $61,615,000 after purchasing an additional 898,573 shares during the last quarter. Equitable Holdings Inc. grew its stake in JPMorgan U.S. Momentum Factor ETF by 11.3% during the fourth quarter. Equitable Holdings Inc. now owns 1,109,250 shares of the company’s stock worth $75,595,000 after buying an additional 112,669 shares during the last quarter. Corient Private Wealth LLC grew its stake in JPMorgan U.S. Momentum Factor ETF by 2,519.9% during the second quarter. Corient Private Wealth LLC now owns 116,586 shares of the company’s stock worth $7,495,000 after buying an additional 112,136 shares during the last quarter. Blue Trust Inc. increased its holdings in shares of JPMorgan U.S. Momentum Factor ETF by 1.8% during the first quarter. Blue Trust Inc. now owns 4,767,446 shares of the company’s stock worth $323,805,000 after buying an additional 83,512 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in shares of JPMorgan U.S. Momentum Factor ETF by 8.9% during the fourth quarter. JPMorgan Chase & Co. now owns 577,984 shares of the company’s stock worth $39,390,000 after buying an additional 47,365 shares in the last quarter.

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.