JPMorgan US Momentum Factor ETF (NYSEARCA:JMOM) Sets New 12-Month High – Should You Buy?

JPMorgan US Momentum Factor ETF (NYSEARCA:JMOM)’s share price reached a new 52-week high during trading on Thursday . The stock traded as high as $62.39 and last traded at $62.26, with a volume of 244 shares changing hands. The stock had previously closed at $62.15.

JPMorgan US Momentum Factor ETF Stock Performance

The company has a market cap of $1.07 billion, a P/E ratio of 23.45 and a beta of 1.03. The stock has a 50-day simple moving average of $60.36 and a 200 day simple moving average of $57.89.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Wealth Enhancement Advisory Services LLC increased its position 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 valued at $549,546,000 after acquiring an additional 776,455 shares in the last quarter. Blue Trust Inc. raised its position in JPMorgan US Momentum Factor ETF by 24.9% in the 4th quarter. Blue Trust Inc. now owns 3,988,291 shares of the company’s stock worth $232,398,000 after purchasing an additional 794,569 shares during the last quarter. Klaas Financial Asset Advisors LLC lifted its holdings in JPMorgan US Momentum Factor ETF by 0.5% during the 4th quarter. Klaas Financial Asset Advisors LLC now owns 423,844 shares of the company’s stock worth $24,697,000 after buying an additional 1,961 shares in the last quarter. Cornerstone Wealth Management LLC boosted its position in JPMorgan US Momentum Factor ETF by 0.7% in the 3rd quarter. Cornerstone Wealth Management LLC now owns 141,062 shares of the company’s stock valued at $8,059,000 after buying an additional 931 shares during the last quarter. Finally, Signature Estate & Investment Advisors LLC increased its stake in shares of JPMorgan US Momentum Factor ETF by 25.7% in the 3rd quarter. Signature Estate & Investment Advisors LLC now owns 110,279 shares of the company’s stock valued at $6,300,000 after buying an additional 22,521 shares during the period.

About JPMorgan US Momentum Factor ETF

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.