181,638 Shares in JPMorgan U.S. Momentum Factor ETF $JMOM Bought by Cabot Wealth Management Inc.

Cabot Wealth Management Inc. bought a new position in shares of JPMorgan U.S. Momentum Factor ETF (NYSEARCA:JMOM) during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund bought 181,638 shares of the company’s stock, valued at approximately $15,140,000. JPMorgan U.S. Momentum Factor ETF accounts for about 1.4% of Cabot Wealth Management Inc.’s investment portfolio, making the stock its 26th largest position. Cabot Wealth Management Inc. owned approximately 0.54% of JPMorgan U.S. Momentum Factor ETF at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in JMOM. Shore Point Advisors LLC lifted its holdings in shares of JPMorgan U.S. Momentum Factor ETF by 0.6% in the 3rd quarter. Shore Point Advisors LLC now owns 705,841 shares of the company’s stock valued at $58,832,000 after buying an additional 4,305 shares during the period. Wealth Enhancement Trust Services Inc. grew its holdings in JPMorgan U.S. Momentum Factor ETF by 12.6% during the third quarter. Wealth Enhancement Trust Services Inc. now owns 81,841 shares of the company’s stock worth $6,821,000 after acquiring an additional 9,139 shares during the period. Fifth Third Wealth Advisors LLC grew its holdings in JPMorgan U.S. Momentum Factor ETF by 58.3% during the third quarter. Fifth Third Wealth Advisors LLC now owns 69,968 shares of the company’s stock worth $5,832,000 after acquiring an additional 25,762 shares during the period. Fifth Third Securities Inc. purchased a new position in JPMorgan U.S. Momentum Factor ETF in the third quarter worth $4,755,000. Finally, Bank of America Corp DE raised its position in JPMorgan U.S. Momentum Factor ETF by 7.3% in the first quarter. Bank of America Corp DE now owns 56,584 shares of the company’s stock worth $3,843,000 after acquiring an additional 3,873 shares in the last quarter.

JPMorgan U.S. Momentum Factor ETF Stock Performance

NYSEARCA:JMOM opened at $79.84 on Thursday. JPMorgan U.S. Momentum Factor ETF has a 1 year low of $64.82 and a 1 year high of $86.07. The stock has a fifty day moving average price of $81.90 and a two-hundred day moving average price of $78.33. The stock has a market capitalization of $2.71 billion, a price-to-earnings ratio of 24.41 and a beta of 1.06.

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.