JPMorgan U.S. Momentum Factor ETF (NYSEARCA:JMOM) Sees Strong Trading Volume – Here’s Why

JPMorgan U.S. Momentum Factor ETF (NYSEARCA:JMOM) saw strong trading volume on Wednesday . Approximately 237,620 shares were traded during mid-day trading, an increase of 105% from the previous session’s volume of 116,065 shares.The stock last traded at $81.81 and had previously closed at $81.61.

JPMorgan U.S. Momentum Factor ETF Stock Performance

The firm has a market capitalization of $2.53 billion, a PE ratio of 27.64 and a beta of 1.06. The stock’s 50-day simple moving average is $82.95 and its 200-day simple moving average is $77.77.

Hedge Funds Weigh In On JPMorgan U.S. Momentum Factor ETF

Institutional investors have recently bought and sold shares of the stock. Blue Trust Inc. boosted its position in JPMorgan U.S. Momentum Factor ETF by 1.8% during the 1st quarter. Blue Trust Inc. now owns 4,767,446 shares of the company’s stock valued at $323,805,000 after acquiring an additional 83,512 shares in the last quarter. Equitable Holdings Inc. lifted its stake in shares of JPMorgan U.S. Momentum Factor ETF by 11.3% in the 4th quarter. Equitable Holdings Inc. now owns 1,109,250 shares of the company’s stock valued at $75,595,000 after purchasing an additional 112,669 shares during the period. Northwestern Mutual Wealth Management Co. lifted its stake in shares of JPMorgan U.S. Momentum Factor ETF by 16,222.7% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 904,112 shares of the company’s stock valued at $61,615,000 after purchasing an additional 898,573 shares during the period. JPMorgan Chase & Co. boosted its position in shares of JPMorgan U.S. Momentum Factor ETF by 8.9% during the fourth quarter. JPMorgan Chase & Co. now owns 577,984 shares of the company’s stock valued at $39,390,000 after purchasing an additional 47,365 shares in the last quarter. Finally, LPL Financial LLC grew its stake in JPMorgan U.S. Momentum Factor ETF by 1.5% in the fourth quarter. LPL Financial LLC now owns 372,673 shares of the company’s stock worth $25,398,000 after purchasing an additional 5,466 shares during the period.

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.