Ballentine Partners LLC Makes New Investment in JPMorgan US Momentum Factor ETF (NYSEARCA:JMOM)

Ballentine Partners LLC purchased a new stake in JPMorgan US Momentum Factor ETF (NYSEARCA:JMOM) during the fourth quarter, according to its most recent 13F filing with the SEC. The firm purchased 16,114 shares of the company’s stock, valued at approximately $939,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of JMOM. JPMorgan Chase & Co. grew its holdings in JPMorgan US Momentum Factor ETF by 0.3% in the third quarter. JPMorgan Chase & Co. now owns 94,666 shares of the company’s stock worth $5,408,000 after purchasing an additional 241 shares during the last quarter. Synovus Financial Corp grew its stake in JPMorgan US Momentum Factor ETF by 118.8% during the 3rd quarter. Synovus Financial Corp now owns 24,978 shares of the company’s stock worth $1,427,000 after buying an additional 13,562 shares during the last quarter. World Investment Advisors LLC purchased a new position in JPMorgan US Momentum Factor ETF during the 3rd quarter worth $401,000. Delos Wealth Advisors LLC increased its position in JPMorgan US Momentum Factor ETF by 7.4% during the 3rd quarter. Delos Wealth Advisors LLC now owns 42,092 shares of the company’s stock valued at $2,405,000 after buying an additional 2,887 shares in the last quarter. Finally, Integrated Wealth Concepts LLC purchased a new stake in JPMorgan US Momentum Factor ETF in the third quarter valued at about $335,000.

JPMorgan US Momentum Factor ETF Stock Performance

Shares of JMOM stock opened at $61.83 on Thursday. JPMorgan US Momentum Factor ETF has a fifty-two week low of $46.83 and a fifty-two week high of $62.20. The firm has a market capitalization of $1.07 billion, a price-to-earnings ratio of 23.45 and a beta of 1.03. The stock’s 50-day simple moving average is $60.09 and its 200-day simple moving average is $57.31.

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.