JPMorgan U.S. Momentum Factor ETF (NYSEARCA:JMOM) Reaches New 52-Week High – Should You Buy?

JPMorgan U.S. Momentum Factor ETF (NYSEARCA:JMOM)’s share price hit a new 52-week high on Monday . The stock traded as high as $84.27 and last traded at $84.27, with a volume of 2417 shares traded. The stock had previously closed at $82.69.

JPMorgan U.S. Momentum Factor ETF Stock Performance

The stock has a market capitalization of $2.42 billion, a P/E ratio of 27.64 and a beta of 1.07. The company’s 50-day moving average price is $77.46 and its 200 day moving average price is $72.30.

Institutional Trading of JPMorgan U.S. Momentum Factor ETF

Institutional investors and hedge funds have recently modified their holdings of the company. Jane Street Group LLC bought a new stake in JPMorgan U.S. Momentum Factor ETF in the 1st quarter valued at $1,790,000. Raymond James Financial Inc. grew 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 valued at $886,000 after purchasing an additional 1,496 shares in the last quarter. Bank of America Corp DE grew 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 valued at $1,828,000 after purchasing an additional 5,449 shares in the last quarter. Orion Porfolio Solutions LLC grew 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 valued at $5,555,000 after purchasing an additional 25,219 shares in the last quarter. Finally, Smartleaf Asset Management LLC grew 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 valued at $44,000 after purchasing an additional 529 shares in the last quarter.

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.