JPMorgan US Momentum Factor ETF (NYSEARCA:JMOM) Hits New 1-Year Low – What’s Next?

JPMorgan US Momentum Factor ETF (NYSEARCA:JMOM) shares reached a new 52-week low on Monday . The company traded as low as $48.68 and last traded at $50.37, with a volume of 183226 shares traded. The stock had previously closed at $51.00.

JPMorgan US Momentum Factor ETF Stock Performance

The stock’s fifty day simple moving average is $58.87 and its two-hundred day simple moving average is $59.14. The stock has a market capitalization of $1.16 billion, a P/E ratio of 26.13 and a beta of 1.05.

Institutional Investors Weigh In On JPMorgan US Momentum Factor ETF

Hedge funds have recently added to or reduced their stakes in the company. HighTower Advisors LLC lifted its stake in JPMorgan US Momentum Factor ETF by 4.5% during the 3rd quarter. HighTower Advisors LLC now owns 58,313 shares of the company’s stock valued at $3,330,000 after acquiring an additional 2,500 shares in the last quarter. Integrated Wealth Concepts LLC purchased a new stake in JPMorgan US Momentum Factor ETF in the 3rd quarter valued at about $335,000. Delos Wealth Advisors LLC lifted its position in shares of JPMorgan US Momentum Factor ETF by 7.4% during the 3rd quarter. Delos Wealth Advisors LLC now owns 42,092 shares of the company’s stock worth $2,405,000 after buying an additional 2,887 shares in the last quarter. World Investment Advisors LLC purchased a new position in shares of JPMorgan US Momentum Factor ETF in the 3rd quarter worth approximately $401,000. Finally, Synovus Financial Corp boosted its stake in shares of JPMorgan US Momentum Factor ETF by 118.8% in the 3rd quarter. Synovus Financial Corp now owns 24,978 shares of the company’s stock worth $1,427,000 after buying an additional 13,562 shares during the last quarter.

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.