JPMorgan US Momentum Factor ETF (NYSEARCA:JMOM) Sets New 52-Week High – Should You Buy?

Shares of JPMorgan US Momentum Factor ETF (NYSEARCA:JMOM) hit a new 52-week high on Thursday . The company traded as high as $62.39 and last traded at $62.26, with a volume of 244 shares trading hands. The stock had previously closed at $62.15.

JPMorgan US Momentum Factor ETF Stock Performance

The stock has a market capitalization of $1.08 billion, a PE ratio of 23.45 and a beta of 1.03. The firm’s 50 day moving average is $60.35 and its two-hundred day moving average is $57.83.

Hedge Funds Weigh In On JPMorgan US Momentum Factor ETF

A number of institutional investors have recently modified their holdings of the business. Cetera Investment Advisers grew its position in JPMorgan US Momentum Factor ETF by 5.9% during the 2nd quarter. Cetera Investment Advisers now owns 39,646 shares of the company’s stock worth $2,125,000 after purchasing an additional 2,194 shares during the last quarter. Dynamic Advisor Solutions LLC acquired a new position in shares of JPMorgan US Momentum Factor ETF during the third quarter worth about $240,000. Patten Group Inc. lifted its position in JPMorgan US Momentum Factor ETF by 2.3% in the third quarter. Patten Group Inc. now owns 8,753 shares of the company’s stock valued at $500,000 after purchasing an additional 195 shares during the period. Creative Planning boosted its position in shares of JPMorgan US Momentum Factor ETF by 6.1% during the 3rd quarter. Creative Planning now owns 4,716 shares of the company’s stock worth $269,000 after purchasing an additional 272 shares in the last quarter. Finally, Cornerstone Wealth Management LLC increased its holdings in shares of JPMorgan US Momentum Factor ETF by 0.7% in the 3rd quarter. Cornerstone Wealth Management LLC now owns 141,062 shares of the company’s stock valued at $8,059,000 after purchasing an additional 931 shares in 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.