3Chopt Investment Partners LLC Invests $1.47 Million in JPMorgan U.S. Momentum Factor ETF (NYSEARCA:JMOM)

3Chopt Investment Partners LLC purchased a new position in shares of JPMorgan U.S. Momentum Factor ETF (NYSEARCA:JMOM) in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 25,994 shares of the company’s stock, valued at approximately $1,465,000. 3Chopt Investment Partners LLC owned 0.11% of JPMorgan U.S. Momentum Factor ETF at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in JMOM. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of JPMorgan U.S. Momentum Factor ETF by 15.1% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 11,633,460 shares of the company’s stock worth $655,662,000 after acquiring an additional 1,529,605 shares during the period. Silver Oak Securities Incorporated bought a new stake in shares of JPMorgan U.S. Momentum Factor ETF during the 1st quarter worth approximately $20,444,000. GeoWealth Management LLC bought a new stake in shares of JPMorgan U.S. Momentum Factor ETF during the 4th quarter worth approximately $10,391,000. JPMorgan Chase & Co. lifted its holdings in shares of JPMorgan U.S. Momentum Factor ETF by 180.7% during the 4th quarter. JPMorgan Chase & Co. now owns 265,709 shares of the company’s stock worth $15,483,000 after acquiring an additional 171,043 shares during the period. Finally, Integrated Wealth Concepts LLC lifted its holdings in shares of JPMorgan U.S. Momentum Factor ETF by 2,881.7% during the 4th quarter. Integrated Wealth Concepts LLC now owns 174,637 shares of the company’s stock worth $10,176,000 after acquiring an additional 168,780 shares during the period.

JPMorgan U.S. Momentum Factor ETF Trading Up 0.3%

Shares of JPMorgan U.S. Momentum Factor ETF stock opened at $63.62 on Friday. The company has a 50 day moving average of $60.08 and a 200-day moving average of $59.10. JPMorgan U.S. Momentum Factor ETF has a 1-year low of $48.68 and a 1-year high of $63.96. The company has a market cap of $1.52 billion, a PE ratio of 26.05 and a beta of 1.00.

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.