JPMorgan US Momentum Factor ETF (NYSEARCA:JMOM) Sees Large Volume Increase – Still a Buy?

JPMorgan US Momentum Factor ETF (NYSEARCA:JMOM) saw an uptick in trading volume on Friday . 151,112 shares were traded during trading, an increase of 124% from the previous session’s volume of 67,493 shares.The stock last traded at $56.42 and had previously closed at $57.08.

JPMorgan US Momentum Factor ETF Stock Performance

The firm has a 50 day simple moving average of $59.70 and a 200 day simple moving average of $59.15. The firm has a market cap of $1.28 billion, a P/E ratio of 26.13 and a beta of 1.05.

JPMorgan US Momentum Factor ETF Increases Dividend

The business also recently disclosed a dividend, which was paid on Thursday, March 27th. Stockholders of record on Tuesday, March 25th were issued a dividend of $0.1127 per share. This is an increase from JPMorgan US Momentum Factor ETF’s previous dividend of $0.11. The ex-dividend date was Tuesday, March 25th.

Hedge Funds Weigh In On JPMorgan US Momentum Factor ETF

A number of large investors have recently added to or reduced their stakes in JMOM. HighTower Advisors LLC raised its position in shares of JPMorgan US Momentum Factor ETF by 4.5% in the 3rd quarter. HighTower Advisors LLC now owns 58,313 shares of the company’s stock worth $3,330,000 after acquiring an additional 2,500 shares in the last quarter. Integrated Wealth Concepts LLC bought a new position in JPMorgan US Momentum Factor ETF in the third quarter valued at about $335,000. Delos Wealth Advisors LLC increased its holdings in JPMorgan US Momentum Factor ETF by 7.4% during the third quarter. Delos Wealth Advisors LLC now owns 42,092 shares of the company’s stock valued at $2,405,000 after buying an additional 2,887 shares during the last quarter. World Investment Advisors LLC bought a new position in JPMorgan US Momentum Factor ETF in the third quarter worth approximately $401,000. Finally, Synovus Financial Corp boosted its stake in shares of JPMorgan US Momentum Factor ETF by 118.8% during the 3rd quarter. Synovus Financial Corp now owns 24,978 shares of the company’s stock worth $1,427,000 after acquiring an additional 13,562 shares during the last quarter.

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.