Empirical Financial Services LLC d.b.a. Empirical Wealth Management Takes Position in JPMorgan U.S. Momentum Factor ETF $JMOM

Empirical Financial Services LLC d.b.a. Empirical Wealth Management purchased a new stake in shares of JPMorgan U.S. Momentum Factor ETF (NYSEARCA:JMOM) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 18,640 shares of the company’s stock, valued at approximately $1,198,000.

Other hedge funds have also added to or reduced their stakes in the company. Larson Financial Group LLC acquired a new stake in JPMorgan U.S. Momentum Factor ETF during the 1st quarter worth approximately $587,000. ROSS JOHNSON & Associates LLC acquired a new position in shares of JPMorgan U.S. Momentum Factor ETF during the first quarter worth $38,000. Professional Financial Advisors LLC lifted its holdings in shares of JPMorgan U.S. Momentum Factor ETF by 2.1% during the first quarter. Professional Financial Advisors LLC now owns 21,252 shares of the company’s stock worth $1,198,000 after purchasing an additional 435 shares during the period. Cornerstone Wealth Management LLC lifted its holdings in shares of JPMorgan U.S. Momentum Factor ETF by 7.8% during the first quarter. Cornerstone Wealth Management LLC now owns 149,953 shares of the company’s stock worth $8,451,000 after purchasing an additional 10,833 shares during the period. Finally, Blue Trust Inc. lifted its holdings in shares of JPMorgan U.S. Momentum Factor ETF by 3.8% during the first quarter. Blue Trust Inc. now owns 4,141,628 shares of the company’s stock worth $233,422,000 after purchasing an additional 153,337 shares during the period.

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

Shares of JMOM opened at $67.81 on Friday. The company has a market capitalization of $1.67 billion, a PE ratio of 27.64 and a beta of 1.00. JPMorgan U.S. Momentum Factor ETF has a 12 month low of $48.68 and a 12 month high of $68.47. The stock’s 50-day moving average price is $66.09 and its two-hundred day moving average price is $61.90.

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.