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

JPMorgan US Momentum Factor ETF (NYSEARCA:JMOM) saw strong trading volume on Friday . 185,781 shares were traded 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 Stock Performance

The company has a 50 day moving average of $60.51 and a two-hundred day moving average of $58.56. The stock has a market cap of $1.38 billion, a PE ratio of 27.36 and a beta of 1.05.

Institutional Investors Weigh In On JPMorgan US Momentum Factor ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in JMOM. Blue Trust Inc. increased its position in shares of JPMorgan US Momentum Factor ETF by 24.9% during the fourth 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 in the last quarter. Wealth Enhancement Advisory Services LLC grew its position in shares of JPMorgan US Momentum Factor ETF by 8.8% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 9,619,219 shares of the company’s stock valued at $549,546,000 after purchasing an additional 776,455 shares in the last quarter. GeoWealth Management LLC purchased a new stake in shares of JPMorgan US Momentum Factor ETF in the fourth quarter valued at approximately $10,391,000. JPMorgan Chase & Co. grew its position in shares of JPMorgan US Momentum Factor ETF by 180.7% in the fourth quarter. JPMorgan Chase & Co. now owns 265,709 shares of the company’s stock valued at $15,483,000 after purchasing an additional 171,043 shares in the last quarter. Finally, Integrated Wealth Concepts LLC grew its holdings in JPMorgan US Momentum Factor ETF by 2,881.7% in the 4th quarter. Integrated Wealth Concepts LLC now owns 174,637 shares of the company’s stock valued at $10,176,000 after buying an additional 168,780 shares in the last quarter.

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.