C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors Has $338,000 Position in JPMorgan US Momentum Factor ETF (NYSEARCA:JMOM)

C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors cut its holdings in JPMorgan US Momentum Factor ETF (NYSEARCA:JMOM) by 4.0% in the 4th quarter, Holdings Channel.com reports. The firm owned 5,795 shares of the company’s stock after selling 243 shares during the quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors’ holdings in JPMorgan US Momentum Factor ETF were worth $338,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of JMOM. Blue Trust Inc. grew its position in shares of JPMorgan US Momentum Factor ETF by 24.9% in the 4th quarter. Blue Trust Inc. now owns 3,988,291 shares of the company’s stock valued at $232,398,000 after purchasing an additional 794,569 shares during the period. Wealth Enhancement Advisory Services LLC grew its position in shares of JPMorgan US Momentum Factor ETF by 8.8% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 9,619,219 shares of the company’s stock valued at $549,546,000 after purchasing an additional 776,455 shares during the period. West Wealth Group LLC acquired a new position in shares of JPMorgan US Momentum Factor ETF in the 4th quarter valued at approximately $4,951,000. Foundations Investment Advisors LLC acquired a new position in shares of JPMorgan US Momentum Factor ETF in the 4th quarter valued at approximately $2,008,000. Finally, Signature Estate & Investment Advisors LLC grew its position in shares of JPMorgan US Momentum Factor ETF by 25.7% in the 3rd quarter. Signature Estate & Investment Advisors LLC now owns 110,279 shares of the company’s stock valued at $6,300,000 after purchasing an additional 22,521 shares during the period.

JPMorgan US Momentum Factor ETF Stock Performance

Shares of JMOM opened at $61.82 on Friday. The stock has a 50 day simple moving average of $60.52 and a 200 day simple moving average of $58.45. JPMorgan US Momentum Factor ETF has a 52-week low of $48.69 and a 52-week high of $62.61. The firm has a market capitalization of $1.41 billion, a PE ratio of 27.36 and a beta of 1.05.

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.