Woodmont Investment Counsel LLC Purchases New Holdings in JPMorgan US Momentum Factor ETF (NYSEARCA:JMOM)

Woodmont Investment Counsel LLC purchased a new stake in shares of JPMorgan US Momentum Factor ETF (NYSEARCA:JMOM) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 1,686 shares of the company’s stock, valued at approximately $89,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Wealth Enhancement Advisory Services LLC increased its position 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 valued at $426,505,000 after acquiring an additional 7,662,280 shares during the last quarter. Sunbelt Securities Inc. purchased a new stake in JPMorgan US Momentum Factor ETF in the first quarter worth $80,000. Nova R Wealth Inc. increased its position in JPMorgan US Momentum Factor ETF by 7.3% in the first quarter. Nova R Wealth Inc. now owns 144,911 shares of the company’s stock worth $7,634,000 after buying an additional 9,887 shares during the last quarter. 17 Capital Partners LLC purchased a new stake in JPMorgan US Momentum Factor ETF in the first quarter worth $260,000. Finally, Able Wealth Management LLC purchased a new stake in JPMorgan US Momentum Factor ETF in the fourth quarter worth $1,168,000.

JPMorgan US Momentum Factor ETF Stock Performance

NYSEARCA:JMOM traded up $0.13 during trading hours on Tuesday, reaching $53.63. The stock had a trading volume of 111,882 shares, compared to its average volume of 109,136. The stock has a 50 day simple moving average of $52.27 and a 200 day simple moving average of $50.19. JPMorgan US Momentum Factor ETF has a 12-month low of $39.25 and a 12-month high of $54.10. The stock has a market cap of $925.12 million, a P/E ratio of 23.45 and a beta of 1.03.

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.