Palumbo Wealth Management LLC Boosts Position in JPMorgan US Momentum Factor ETF (NYSEARCA:JMOM)

Palumbo Wealth Management LLC lifted its position in JPMorgan US Momentum Factor ETF (NYSEARCA:JMOM) by 2.7% during the third quarter, HoldingsChannel reports. The institutional investor owned 11,291 shares of the company’s stock after purchasing an additional 302 shares during the period. Palumbo Wealth Management LLC’s holdings in JPMorgan US Momentum Factor ETF were worth $645,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC lifted its stake in JPMorgan US Momentum Factor ETF by 8.8% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 9,619,219 shares of the company’s stock worth $549,546,000 after purchasing an additional 776,455 shares in the last quarter. Blue Trust Inc. boosted its stake in JPMorgan US Momentum Factor ETF by 13.6% during the first quarter. Blue Trust Inc. now owns 3,152,596 shares of the company’s stock valued at $166,079,000 after buying an additional 377,171 shares during the period. ARQ Wealth Advisors LLC bought a new stake in JPMorgan US Momentum Factor ETF during the first quarter valued at $8,995,000. Fifth Third Securities Inc. increased its stake in JPMorgan US Momentum Factor ETF by 850.9% in the 2nd quarter. Fifth Third Securities Inc. now owns 46,868 shares of the company’s stock worth $2,512,000 after acquiring an additional 41,939 shares during the last quarter. Finally, Cetera Investment Advisers purchased a new stake in shares of JPMorgan US Momentum Factor ETF in the 1st quarter valued at about $1,973,000.

JPMorgan US Momentum Factor ETF Trading Down 1.1 %

Shares of NYSEARCA JMOM traded down $0.63 during midday trading on Thursday, hitting $57.44. 1,116 shares of the company’s stock were exchanged, compared to its average volume of 85,634. The business’s fifty day moving average price is $56.56 and its two-hundred day moving average price is $54.04. The company has a market cap of $990.84 million, a price-to-earnings ratio of 23.45 and a beta of 1.03. JPMorgan US Momentum Factor ETF has a 12-month low of $39.62 and a 12-month high of $58.95.

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.