Foundations Investment Advisors LLC Purchases New Position in JPMorgan US Momentum Factor ETF (NYSEARCA:JMOM)

Foundations Investment Advisors LLC acquired a new stake in JPMorgan US Momentum Factor ETF (NYSEARCA:JMOM) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 34,465 shares of the company’s stock, valued at approximately $2,008,000. Foundations Investment Advisors LLC owned approximately 0.20% of JPMorgan US Momentum Factor ETF at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. 3Chopt Investment Partners LLC bought a new stake in shares of JPMorgan US Momentum Factor ETF in the second quarter worth approximately $544,000. Cetera Investment Advisers grew its position in JPMorgan US Momentum Factor ETF by 5.9% in the 2nd quarter. Cetera Investment Advisers now owns 39,646 shares of the company’s stock worth $2,125,000 after purchasing an additional 2,194 shares during the period. Brightwater Advisory LLC bought a new position in shares of JPMorgan US Momentum Factor ETF during the 2nd quarter valued at $705,000. Dynamic Advisor Solutions LLC purchased a new position in shares of JPMorgan US Momentum Factor ETF in the 3rd quarter worth $240,000. Finally, Patten Group Inc. grew its holdings in shares of JPMorgan US Momentum Factor ETF by 2.3% in the third quarter. Patten Group Inc. now owns 8,753 shares of the company’s stock worth $500,000 after acquiring an additional 195 shares during the period.

JPMorgan US Momentum Factor ETF Stock Performance

JPMorgan US Momentum Factor ETF stock opened at $61.10 on Wednesday. The stock has a market cap of $1.05 billion, a PE ratio of 23.45 and a beta of 1.03. The stock has a fifty day moving average of $60.25 and a 200 day moving average of $57.53. JPMorgan US Momentum Factor ETF has a one year low of $47.13 and a one year high of $62.26.

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.