Able Wealth Management LLC Reduces Stock Holdings in JPMorgan US Momentum Factor ETF (NYSEARCA:JMOM)

Able Wealth Management LLC reduced its stake in shares of JPMorgan US Momentum Factor ETF (NYSEARCA:JMOM) by 6.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 17,145 shares of the company’s stock after selling 1,255 shares during the quarter. Able Wealth Management LLC owned approximately 0.10% of JPMorgan US Momentum Factor ETF worth $999,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in JMOM. 5T Wealth LLC bought a new stake in shares of JPMorgan US Momentum Factor ETF during the 4th quarter valued at about $567,000. Palumbo Wealth Management LLC boosted its position in JPMorgan US Momentum Factor ETF by 9.6% during the 4th quarter. Palumbo Wealth Management LLC now owns 12,373 shares of the company’s stock valued at $721,000 after acquiring an additional 1,082 shares in the last quarter. Blue Trust Inc. grew its holdings in shares of JPMorgan US Momentum Factor ETF by 24.9% during the 4th quarter. Blue Trust Inc. now owns 3,988,291 shares of the company’s stock worth $232,398,000 after acquiring an additional 794,569 shares during the period. 17 Capital Partners LLC raised its position in shares of JPMorgan US Momentum Factor ETF by 8.6% in the 4th quarter. 17 Capital Partners LLC now owns 8,513 shares of the company’s stock worth $496,000 after acquiring an additional 677 shares in the last quarter. Finally, Fifth Third Securities Inc. lifted its stake in shares of JPMorgan US Momentum Factor ETF by 4.1% in the 4th quarter. Fifth Third Securities Inc. now owns 47,758 shares of the company’s stock valued at $2,783,000 after purchasing an additional 1,867 shares during the period.

JPMorgan US Momentum Factor ETF Stock Down 0.2 %

NYSEARCA JMOM opened at $62.48 on Thursday. The stock’s 50 day moving average is $60.50 and its 200 day moving average is $58.42. The firm has a market capitalization of $1.43 billion, a PE ratio of 27.36 and a beta of 1.05. JPMorgan US Momentum Factor ETF has a twelve month low of $48.69 and a twelve month high of $62.61.

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.