JPMorgan U.S. Momentum Factor ETF (NYSEARCA:JMOM) Sets New 12-Month High – Here’s What Happened

Shares of JPMorgan U.S. Momentum Factor ETF (NYSEARCA:JMOM) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $82.19 and last traded at $81.49, with a volume of 130774 shares trading hands. The stock had previously closed at $81.88.

JPMorgan U.S. Momentum Factor ETF Stock Performance

The company has a market cap of $2.33 billion, a P/E ratio of 27.64 and a beta of 1.06. The firm’s fifty day moving average is $74.14 and its two-hundred day moving average is $71.05.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Federation des caisses Desjardins du Quebec bought a new position in JPMorgan U.S. Momentum Factor ETF in the 4th quarter worth $39,000. Hazlett Burt & Watson Inc. bought a new position in JPMorgan U.S. Momentum Factor ETF in the 3rd quarter worth $44,000. Smartleaf Asset Management LLC boosted its holdings in JPMorgan U.S. Momentum Factor ETF by 334.8% in the 2nd quarter. Smartleaf Asset Management LLC now owns 687 shares of the company’s stock worth $44,000 after buying an additional 529 shares during the period. Abich Financial Wealth Management LLC bought a new position in JPMorgan U.S. Momentum Factor ETF in the 3rd quarter worth $51,000. Finally, Kestra Advisory Services LLC bought a new position in JPMorgan U.S. Momentum Factor ETF in the 4th quarter worth $53,000.

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.