Westover Capital Advisors LLC Lowers Position in JPMorgan US Momentum Factor ETF (NYSEARCA:JMOM)

Westover Capital Advisors LLC decreased its holdings in shares of JPMorgan US Momentum Factor ETF (NYSEARCA:JMOM) by 48.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,869 shares of the company’s stock after selling 5,485 shares during the quarter. Westover Capital Advisors LLC’s holdings in JPMorgan US Momentum Factor ETF were worth $342,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of JMOM. Assetmark Inc. bought a new stake in JPMorgan US Momentum Factor ETF during the third quarter valued at approximately $32,000. AWM Capital LLC purchased a new stake in shares of JPMorgan US Momentum Factor ETF during the 4th quarter valued at $201,000. Creative Planning lifted its holdings in shares of JPMorgan US Momentum Factor ETF by 6.1% during the 3rd quarter. Creative Planning now owns 4,716 shares of the company’s stock worth $269,000 after acquiring an additional 272 shares during the last quarter. VisionPoint Advisory Group LLC purchased a new position in JPMorgan US Momentum Factor ETF in the fourth quarter worth $281,000. Finally, Integrated Wealth Concepts LLC bought a new position in JPMorgan US Momentum Factor ETF in the third quarter valued at $335,000.

JPMorgan US Momentum Factor ETF Stock Down 1.8 %

NYSEARCA JMOM opened at $58.83 on Tuesday. The stock’s 50-day simple moving average is $60.53 and its two-hundred day simple moving average is $58.85. JPMorgan US Momentum Factor ETF has a twelve month low of $49.29 and a twelve month high of $62.61. The company has a market capitalization of $1.34 billion, a price-to-earnings ratio of 27.36 and a beta of 1.05.

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.