West Wealth Group LLC Invests $4.95 Million in JPMorgan US Momentum Factor ETF (NYSEARCA:JMOM)

West Wealth Group LLC purchased a new stake in JPMorgan US Momentum Factor ETF (NYSEARCA:JMOM) during the fourth quarter, HoldingsChannel reports. The firm purchased 84,967 shares of the company’s stock, valued at approximately $4,951,000. JPMorgan US Momentum Factor ETF comprises 1.5% of West Wealth Group LLC’s investment portfolio, making the stock its 14th largest position.

Other hedge funds have also added to or reduced their stakes in the company. Magnolia Capital Advisors LLC increased its stake in shares of JPMorgan US Momentum Factor ETF by 1.4% during the second quarter. Magnolia Capital Advisors LLC now owns 92,629 shares of the company’s stock worth $4,965,000 after purchasing an additional 1,249 shares during the period. 3Chopt Investment Partners LLC acquired a new stake in JPMorgan US Momentum Factor ETF during the second quarter worth about $544,000. Cetera Investment Advisers boosted its position in shares of JPMorgan US Momentum Factor ETF by 5.9% during the 2nd quarter. Cetera Investment Advisers now owns 39,646 shares of the company’s stock worth $2,125,000 after acquiring an additional 2,194 shares in the last quarter. Brightwater Advisory LLC bought a new position in shares of JPMorgan US Momentum Factor ETF in the 2nd quarter valued at $705,000. Finally, Dynamic Advisor Solutions LLC bought a new position in JPMorgan US Momentum Factor ETF in the third quarter valued at about $240,000.

JPMorgan US Momentum Factor ETF Price Performance

JMOM stock opened at $62.03 on Monday. The company has a 50 day simple moving average of $60.20 and a 200 day simple moving average of $57.44. The stock has a market cap of $1.07 billion, a price-to-earnings ratio of 23.45 and a beta of 1.03. JPMorgan US Momentum Factor ETF has a 1 year low of $47.10 and a 1 year high of $62.26.

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.