Wealth Enhancement Advisory Services LLC Buys 433 Shares of JPMorgan US Momentum Factor ETF (NYSEARCA:JMOM)

Wealth Enhancement Advisory Services LLC raised its stake in JPMorgan US Momentum Factor ETF (NYSEARCA:JMOM) by 0.0% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 9,619,652 shares of the company’s stock after purchasing an additional 433 shares during the quarter. JPMorgan US Momentum Factor ETF accounts for about 1.1% of Wealth Enhancement Advisory Services LLC’s portfolio, making the stock its 12th largest position. Wealth Enhancement Advisory Services LLC owned 0.56% of JPMorgan US Momentum Factor ETF worth $549,571,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. JPMorgan Chase & Co. boosted its stake 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 buying an additional 241 shares in the last quarter. Synovus Financial Corp lifted its holdings in shares of JPMorgan US Momentum Factor ETF by 118.8% in the 3rd quarter. Synovus Financial Corp now owns 24,978 shares of the company’s stock worth $1,427,000 after acquiring an additional 13,562 shares during the last quarter. World Investment Advisors LLC purchased a new stake in shares of JPMorgan US Momentum Factor ETF in the 3rd quarter valued at $401,000. Delos Wealth Advisors LLC grew its holdings in shares of 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 purchasing an additional 2,887 shares during the last quarter. Finally, Integrated Wealth Concepts LLC purchased a new position in JPMorgan US Momentum Factor ETF in the 3rd quarter worth $335,000.

JPMorgan US Momentum Factor ETF Trading Down 1.5 %

Shares of NYSEARCA:JMOM traded down $0.87 on Friday, reaching $58.32. 3,812 shares of the company traded hands, compared to its average volume of 68,118. The stock has a market capitalization of $1.01 billion, a P/E ratio of 23.45 and a beta of 1.03. The business’s 50-day simple moving average is $59.97 and its 200 day simple moving average is $56.88. JPMorgan US Momentum Factor ETF has a 52 week low of $45.47 and a 52 week high of $62.20.

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.