Orion Portfolio Solutions LLC Has $3.72 Million Stake in JPMorgan US Momentum Factor ETF (NYSEARCA:JMOM)

Orion Portfolio Solutions LLC grew its position in JPMorgan US Momentum Factor ETF (NYSEARCA:JMOM) by 8.0% during the fourth quarter, HoldingsChannel.com reports. The firm owned 63,762 shares of the company’s stock after buying an additional 4,722 shares during the quarter. Orion Portfolio Solutions LLC’s holdings in JPMorgan US Momentum Factor ETF were worth $3,715,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of JMOM. AWM Capital LLC bought a new stake in JPMorgan US Momentum Factor ETF in the 4th quarter valued at approximately $201,000. VisionPoint Advisory Group LLC acquired a new stake in shares of JPMorgan US Momentum Factor ETF in the fourth quarter valued at approximately $281,000. Johnson Investment Counsel Inc. bought a new stake in shares of JPMorgan US Momentum Factor ETF in the fourth quarter worth $309,000. Integrated Wealth Concepts LLC acquired a new position in JPMorgan US Momentum Factor ETF during the third quarter worth $335,000. Finally, Dynamic Advisor Solutions LLC grew its position in JPMorgan US Momentum Factor ETF by 47.0% in the fourth quarter. Dynamic Advisor Solutions LLC now owns 6,175 shares of the company’s stock valued at $360,000 after purchasing an additional 1,975 shares in the last quarter.

JPMorgan US Momentum Factor ETF Trading Down 1.8 %

Shares of JMOM stock opened at $56.08 on Monday. The firm’s fifty day moving average price is $59.70 and its two-hundred day moving average price is $59.19. JPMorgan US Momentum Factor ETF has a 1 year low of $49.29 and a 1 year high of $62.61. The firm has a market capitalization of $1.28 billion, a P/E ratio of 26.13 and a beta of 1.05.

JPMorgan US Momentum Factor ETF Increases Dividend

The business also recently announced a dividend, which was paid on Thursday, March 27th. Investors of record on Tuesday, March 25th were given a $0.1127 dividend. The ex-dividend date was Tuesday, March 25th. This is an increase from JPMorgan US Momentum Factor ETF’s previous dividend of $0.11.

JPMorgan US Momentum Factor ETF 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.