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

World Investment Advisors LLC acquired a new stake in shares of JPMorgan US Momentum Factor ETF (NYSEARCA:JMOM) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 7,021 shares of the company’s stock, valued at approximately $401,000.

A number of other institutional investors have also modified their holdings of the business. Patten Group Inc. grew its position in shares of JPMorgan US Momentum Factor ETF by 2.3% during the 3rd quarter. Patten Group Inc. now owns 8,753 shares of the company’s stock valued at $500,000 after buying an additional 195 shares during the last quarter. Creative Planning grew its position 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 valued at $269,000 after buying an additional 272 shares during the last quarter. Palumbo Wealth Management LLC grew its position in shares of JPMorgan US Momentum Factor ETF by 2.7% during the 3rd quarter. Palumbo Wealth Management LLC now owns 11,291 shares of the company’s stock valued at $645,000 after buying an additional 302 shares during the last quarter. Assetmark Inc. bought a new stake in shares of JPMorgan US Momentum Factor ETF during the 3rd quarter valued at about $32,000. Finally, Cornerstone Wealth Management LLC grew its position in shares of JPMorgan US Momentum Factor ETF by 0.7% during the 3rd quarter. Cornerstone Wealth Management LLC now owns 141,062 shares of the company’s stock valued at $8,059,000 after buying an additional 931 shares during the last quarter.

JPMorgan US Momentum Factor ETF Stock Down 1.0 %

JPMorgan US Momentum Factor ETF stock opened at $60.60 on Wednesday. The firm has a 50-day moving average price of $59.62 and a two-hundred day moving average price of $56.15. The firm has a market capitalization of $1.05 billion, a price-to-earnings ratio of 23.45 and a beta of 1.03. JPMorgan US Momentum Factor ETF has a 52-week low of $44.67 and a 52-week high of $62.20.

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.