Daymark Wealth Partners LLC Decreases Position in JPMorgan US Momentum Factor ETF (NYSEARCA:JMOM)

Daymark Wealth Partners LLC trimmed its holdings in shares of JPMorgan US Momentum Factor ETF (NYSEARCA:JMOM) by 23.8% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 8,689 shares of the company’s stock after selling 2,710 shares during the period. Daymark Wealth Partners LLC’s holdings in JPMorgan US Momentum Factor ETF were worth $496,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in JMOM. Wealth Enhancement Advisory Services LLC grew its stake in shares of JPMorgan US Momentum Factor ETF by 1,766.0% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 8,096,156 shares of the company’s stock worth $426,505,000 after acquiring an additional 7,662,280 shares during the last quarter. Blue Trust Inc. grew its position in JPMorgan US Momentum Factor ETF by 13.6% during the 1st quarter. Blue Trust Inc. now owns 3,152,596 shares of the company’s stock worth $166,079,000 after purchasing an additional 377,171 shares during the last quarter. ARQ Wealth Advisors LLC acquired a new position in JPMorgan US Momentum Factor ETF during the 1st quarter valued at approximately $8,995,000. Fifth Third Securities Inc. raised its holdings in shares of JPMorgan US Momentum Factor ETF by 850.9% in the second quarter. Fifth Third Securities Inc. now owns 46,868 shares of the company’s stock worth $2,512,000 after buying an additional 41,939 shares during the last quarter. Finally, Cetera Investment Advisers acquired a new stake in shares of JPMorgan US Momentum Factor ETF during the first quarter worth $1,973,000.

JPMorgan US Momentum Factor ETF Price Performance

NYSEARCA JMOM opened at $57.86 on Friday. The company has a market cap of $998.09 million, a price-to-earnings ratio of 23.45 and a beta of 1.03. The stock’s fifty day moving average price is $55.13 and its 200 day moving average price is $53.44. JPMorgan US Momentum Factor ETF has a 1 year low of $39.25 and a 1 year high of $58.06.

About JPMorgan US Momentum Factor ETF

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.