First Heartland Consultants Inc. Sells 9,061 Shares of JPMorgan U.S. Momentum Factor ETF $JMOM

First Heartland Consultants Inc. cut its holdings in JPMorgan U.S. Momentum Factor ETF (NYSEARCA:JMOM) by 43.9% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 11,562 shares of the company’s stock after selling 9,061 shares during the quarter. First Heartland Consultants Inc.’s holdings in JPMorgan U.S. Momentum Factor ETF were worth $988,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of JMOM. Jane Street Group LLC acquired a new stake in JPMorgan U.S. Momentum Factor ETF during the 1st quarter worth approximately $1,790,000. Raymond James Financial Inc. boosted its holdings in shares of JPMorgan U.S. Momentum Factor ETF by 12.2% in the second quarter. Raymond James Financial Inc. now owns 13,787 shares of the company’s stock valued at $886,000 after buying an additional 1,496 shares during the period. Bank of America Corp DE boosted its holdings in shares of JPMorgan U.S. Momentum Factor ETF by 23.7% in the second quarter. Bank of America Corp DE now owns 28,434 shares of the company’s stock valued at $1,828,000 after buying an additional 5,449 shares during the period. 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 in 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 in the last quarter.

JPMorgan U.S. Momentum Factor ETF Stock Up 1.0%

Shares of NYSEARCA:JMOM opened at $84.27 on Friday. JPMorgan U.S. Momentum Factor ETF has a 12 month low of $64.10 and a 12 month high of $85.64. The company’s fifty day simple moving average is $82.67 and its 200 day simple moving average is $76.15. The firm has a market cap of $2.61 billion, a price-to-earnings ratio of 27.64 and a beta of 1.06.

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.