Shore Point Advisors LLC Lowers Stock Holdings in JPMorgan US Momentum Factor ETF (NYSEARCA:JMOM)

Shore Point Advisors LLC lowered its position in shares of JPMorgan US Momentum Factor ETF (NYSEARCA:JMOM) by 0.7% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 502,183 shares of the company’s stock after selling 3,634 shares during the quarter. JPMorgan US Momentum Factor ETF comprises 15.4% of Shore Point Advisors LLC’s holdings, making the stock its biggest position. Shore Point Advisors LLC’s holdings in JPMorgan US Momentum Factor ETF were worth $28,690,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the business. Patten Group Inc. increased its position in shares of 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 worth $500,000 after purchasing an additional 195 shares during the period. Dynamic Advisor Solutions LLC bought a new position in shares of JPMorgan US Momentum Factor ETF during the third quarter valued at $240,000. Brightwater Advisory LLC bought a new stake in JPMorgan US Momentum Factor ETF in the second quarter valued at approximately $705,000. Cetera Investment Advisers increased its holdings in JPMorgan US Momentum Factor ETF by 5.9% in the second 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 in the last quarter. Finally, 3Chopt Investment Partners LLC bought a new stake in JPMorgan US Momentum Factor ETF in the 2nd quarter valued at about $544,000.

JPMorgan US Momentum Factor ETF Price Performance

Shares of JMOM stock opened at $58.40 on Friday. JPMorgan US Momentum Factor ETF has a one year low of $39.25 and a one year high of $58.46. The firm has a 50-day moving average of $55.26 and a 200-day moving average of $53.48. The company has a market cap of $1.01 billion, a P/E ratio of 23.45 and a beta of 1.03.

JPMorgan US Momentum Factor ETF 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.