Nova R Wealth Inc. Sells 2,613 Shares of JPMorgan US Momentum Factor ETF (NYSEARCA:JMOM)

Nova R Wealth Inc. cut its stake in JPMorgan US Momentum Factor ETF (NYSEARCA:JMOM) by 1.8% during the fourth quarter, HoldingsChannel reports. The fund owned 141,679 shares of the company’s stock after selling 2,613 shares during the quarter. JPMorgan US Momentum Factor ETF comprises approximately 4.2% of Nova R Wealth Inc.’s holdings, making the stock its 8th biggest position. Nova R Wealth Inc.’s holdings in JPMorgan US Momentum Factor ETF were worth $8,256,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of JMOM. Wealth Enhancement Advisory Services LLC increased its stake 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 worth $549,546,000 after acquiring an additional 776,455 shares during the last quarter. Blue Trust Inc. increased its stake in shares of JPMorgan US Momentum Factor ETF by 22.6% in the fourth quarter. Blue Trust Inc. now owns 3,916,100 shares of the company’s stock worth $223,727,000 after acquiring an additional 722,378 shares during the last quarter. West Wealth Group LLC acquired a new position in JPMorgan US Momentum Factor ETF during the fourth quarter worth $4,951,000. Foundations Investment Advisors LLC acquired a new position in JPMorgan US Momentum Factor ETF during the fourth quarter worth $2,008,000. Finally, Signature Estate & Investment Advisors LLC increased its position in JPMorgan US Momentum Factor ETF by 25.7% during the third quarter. Signature Estate & Investment Advisors LLC now owns 110,279 shares of the company’s stock worth $6,300,000 after buying an additional 22,521 shares during the last quarter.

JPMorgan US Momentum Factor ETF Price Performance

JPMorgan US Momentum Factor ETF stock opened at $62.42 on Friday. The company has a market capitalization of $1.08 billion, a price-to-earnings ratio of 23.45 and a beta of 1.03. JPMorgan US Momentum Factor ETF has a one year low of $48.69 and a one year high of $62.61. The company’s fifty day moving average price is $60.39 and its two-hundred day moving average price is $58.13.

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.