Blue Trust Inc. Grows Stock Position in JPMorgan US Momentum Factor ETF (NYSEARCA:JMOM)

Blue Trust Inc. increased its holdings in shares of JPMorgan US Momentum Factor ETF (NYSEARCA:JMOM) by 22.6% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 3,916,100 shares of the company’s stock after purchasing an additional 722,378 shares during the quarter. JPMorgan US Momentum Factor ETF comprises about 2.7% of Blue Trust Inc.’s investment portfolio, making the stock its 13th biggest holding. Blue Trust Inc. owned 0.23% of JPMorgan US Momentum Factor ETF worth $223,727,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Assetmark Inc. purchased a new position in JPMorgan US Momentum Factor ETF during the third quarter worth about $32,000. Good Life Advisors LLC purchased a new position in JPMorgan US Momentum Factor ETF during the third quarter worth about $204,000. Dynamic Advisor Solutions LLC purchased a new position in JPMorgan US Momentum Factor ETF during the third quarter worth about $240,000. Creative Planning lifted its position in JPMorgan US Momentum Factor ETF by 6.1% during the third quarter. Creative Planning now owns 4,716 shares of the company’s stock worth $269,000 after buying an additional 272 shares during the period. Finally, Integrated Wealth Concepts LLC purchased a new position in JPMorgan US Momentum Factor ETF during the third quarter worth about $335,000.

JPMorgan US Momentum Factor ETF Price Performance

JPMorgan US Momentum Factor ETF stock opened at $62.03 on Monday. The stock’s 50-day moving average is $60.20 and its 200-day moving average is $57.44. The company has a market cap of $1.07 billion, a price-to-earnings ratio of 23.45 and a beta of 1.03. JPMorgan US Momentum Factor ETF has a 12 month low of $47.10 and a 12 month high of $62.26.

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.