JPMorgan U.S. Momentum Factor ETF $JMOM Shares Sold by Royal Bank of Canada

Royal Bank of Canada lowered its position in shares of JPMorgan U.S. Momentum Factor ETF (NYSEARCA:JMOM) by 24.5% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 34,631 shares of the company’s stock after selling 11,210 shares during the period. Royal Bank of Canada owned approximately 0.12% of JPMorgan U.S. Momentum Factor ETF worth $2,352,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Cetera Investment Advisers raised its position in shares of JPMorgan U.S. Momentum Factor ETF by 4.7% in the 1st quarter. Cetera Investment Advisers now owns 41,980 shares of the company’s stock valued at $2,851,000 after purchasing an additional 1,903 shares in the last quarter. Florida Financial Advisors LLC bought a new position in JPMorgan U.S. Momentum Factor ETF during the first quarter worth $209,000. Hershey Financial Advisers LLC acquired a new position in JPMorgan U.S. Momentum Factor ETF in the first quarter worth $2,170,000. Zhang Financial LLC acquired a new position in JPMorgan U.S. Momentum Factor ETF in the first quarter worth $838,000. Finally, Centennial Bank AR increased its stake in JPMorgan U.S. Momentum Factor ETF by 5.9% during the first quarter. Centennial Bank AR now owns 38,575 shares of the company’s stock valued at $2,620,000 after purchasing an additional 2,142 shares during the last quarter.

JPMorgan U.S. Momentum Factor ETF Price Performance

JMOM stock opened at $85.45 on Monday. The firm has a market cap of $2.65 billion, a price-to-earnings ratio of 27.64 and a beta of 1.06. JPMorgan U.S. Momentum Factor ETF has a 1-year low of $64.10 and a 1-year high of $85.69. The firm has a fifty day moving average price of $82.88 and a two-hundred day moving average price of $76.70.

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.