JPMorgan US Momentum Factor ETF (NYSEARCA:JMOM) Sees Strong Trading Volume – Time to Buy?

Shares of JPMorgan US Momentum Factor ETF (NYSEARCA:JMOM) saw unusually-high trading volume on Friday . Approximately 185,781 shares changed hands during mid-day trading, an increase of 71% from the previous session’s volume of 108,495 shares.The stock last traded at $61.22 and had previously closed at $61.82.

JPMorgan US Momentum Factor ETF Price Performance

The company has a market capitalization of $1.38 billion, a price-to-earnings ratio of 27.36 and a beta of 1.05. The company’s 50-day moving average price is $60.52 and its two-hundred day moving average price is $58.45.

Institutional Investors Weigh In On JPMorgan US Momentum Factor ETF

A number of hedge funds have recently added to or reduced their stakes in JMOM. Assetmark Inc. bought a new stake in JPMorgan US Momentum Factor ETF in the third quarter valued at $32,000. AWM Capital LLC bought a new position in JPMorgan US Momentum Factor ETF in the fourth quarter worth approximately $201,000. OLD Mission Capital LLC acquired a new stake in JPMorgan US Momentum Factor ETF in the fourth quarter valued at approximately $213,000. Creative Planning increased its holdings in shares of JPMorgan US Momentum Factor ETF by 6.1% during the third quarter. Creative Planning now owns 4,716 shares of the company’s stock valued at $269,000 after acquiring an additional 272 shares in the last quarter. Finally, VisionPoint Advisory Group LLC acquired a new position in shares of JPMorgan US Momentum Factor ETF during the fourth quarter worth approximately $281,000.

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.