Kelly Financial Group LLC Invests $388,000 in JPMorgan US Momentum Factor ETF (NYSEARCA:JMOM)

Kelly Financial Group LLC acquired a new stake in shares of JPMorgan US Momentum Factor ETF (NYSEARCA:JMOM) in the fourth quarter, HoldingsChannel reports. The firm acquired 6,654 shares of the company’s stock, valued at approximately $388,000.

Other hedge funds also recently bought and sold shares of the company. AWM Capital LLC purchased a new stake in shares of JPMorgan US Momentum Factor ETF during the fourth quarter valued at $201,000. VisionPoint Advisory Group LLC bought a new position in JPMorgan US Momentum Factor ETF in the 4th quarter worth about $281,000. 5T Wealth LLC purchased a new position in shares of JPMorgan US Momentum Factor ETF during the fourth quarter worth approximately $567,000. Palumbo Wealth Management LLC raised its stake in shares of JPMorgan US Momentum Factor ETF by 9.6% during the fourth quarter. Palumbo Wealth Management LLC now owns 12,373 shares of the company’s stock valued at $721,000 after acquiring an additional 1,082 shares in the last quarter. Finally, Blue Trust Inc. boosted its holdings in shares of JPMorgan US Momentum Factor ETF by 24.9% in the fourth quarter. Blue Trust Inc. now owns 3,988,291 shares of the company’s stock valued at $232,398,000 after purchasing an additional 794,569 shares during the period.

JPMorgan US Momentum Factor ETF Stock Up 1.4 %

Shares of NYSEARCA:JMOM opened at $59.93 on Monday. The business’s 50 day moving average is $60.53 and its 200 day moving average is $58.85. The stock has a market cap of $1.37 billion, a P/E ratio of 27.36 and a beta of 1.05. JPMorgan US Momentum Factor ETF has a 52-week low of $49.29 and a 52-week high of $62.61.

JPMorgan US 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.