Wealth Enhancement Trust Services Inc. Invests $753,000 in JPMorgan U.S. Momentum Factor ETF $JMOM

Wealth Enhancement Trust Services Inc. bought a new position in shares of JPMorgan U.S. Momentum Factor ETF (NYSEARCA:JMOM) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 11,049 shares of the company’s stock, valued at approximately $753,000.

A number of other hedge funds and other institutional investors have also modified their holdings of JMOM. Jane Street Group LLC purchased a new stake in shares of JPMorgan U.S. Momentum Factor ETF during the first quarter worth about $1,790,000. Raymond James Financial Inc. increased its position in shares of JPMorgan U.S. Momentum Factor ETF by 12.2% during the second quarter. Raymond James Financial Inc. now owns 13,787 shares of the company’s stock worth $886,000 after acquiring an additional 1,496 shares during the last quarter. Bank of America Corp DE increased its position in shares of JPMorgan U.S. Momentum Factor ETF by 23.7% during the second quarter. Bank of America Corp DE now owns 28,434 shares of the company’s stock worth $1,828,000 after acquiring an additional 5,449 shares during the last quarter. Orion Porfolio Solutions LLC increased its position in shares of JPMorgan U.S. Momentum Factor ETF by 39.7% during the second quarter. Orion Porfolio Solutions LLC now owns 88,760 shares of the company’s stock worth $5,555,000 after acquiring an additional 25,219 shares during the last quarter. Finally, Smartleaf Asset Management LLC increased its position in shares of 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 last quarter.

JPMorgan U.S. Momentum Factor ETF Stock Performance

Shares of NYSEARCA JMOM opened at $74.98 on Monday. JPMorgan U.S. Momentum Factor ETF has a 1 year low of $51.93 and a 1 year high of $75.18. The firm has a market cap of $2.13 billion, a price-to-earnings ratio of 27.64 and a beta of 1.05. The stock’s 50-day simple moving average is $70.21 and its 200-day simple moving average is $69.23.

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.