JPMorgan US Momentum Factor ETF (NYSEARCA:JMOM) Sees Unusually-High Trading Volume – What’s Next?

JPMorgan US Momentum Factor ETF (NYSEARCA:JMOM) shares saw unusually-high trading volume on Friday . Approximately 359,217 shares changed hands during trading, an increase of 421% from the previous session’s volume of 68,984 shares.The stock last traded at $51.64 and had previously closed at $54.40.

JPMorgan US Momentum Factor ETF Price Performance

The business has a 50 day simple moving average of $59.06 and a 200 day simple moving average of $59.15. The stock has a market cap of $1.16 billion, a PE ratio of 26.13 and a beta of 1.05.

JPMorgan US Momentum Factor ETF Increases Dividend

The firm also recently announced a dividend, which was paid on Thursday, March 27th. Shareholders of record on Tuesday, March 25th were paid a $0.1127 dividend. The ex-dividend date of this dividend was Tuesday, March 25th. This is a boost from JPMorgan US Momentum Factor ETF’s previous dividend of $0.11.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Mascagni Wealth Management Inc. acquired a new stake in JPMorgan US Momentum Factor ETF in the 4th quarter worth approximately $71,000. AWM Capital LLC bought a new stake in shares of JPMorgan US Momentum Factor ETF during the 4th quarter worth $201,000. OLD Mission Capital LLC bought a new position in JPMorgan US Momentum Factor ETF in the 4th quarter worth $213,000. Ameriflex Group Inc. bought a new stake in JPMorgan US Momentum Factor ETF during the fourth quarter valued at about $240,000. Finally, VisionPoint Advisory Group LLC acquired a new position in shares of JPMorgan US Momentum Factor ETF during the 4th quarter worth about $281,000.

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.