Signature Estate & Investment Advisors LLC Sells 12,106 Shares of JPMorgan US Momentum Factor ETF (NYSEARCA:JMOM)

Signature Estate & Investment Advisors LLC reduced its position in shares of JPMorgan US Momentum Factor ETF (NYSEARCA:JMOM) by 11.0% in the 4th quarter, HoldingsChannel.com reports. The firm owned 98,173 shares of the company’s stock after selling 12,106 shares during the quarter. Signature Estate & Investment Advisors LLC’s holdings in JPMorgan US Momentum Factor ETF were worth $5,721,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in JMOM. JPMorgan Chase & Co. lifted its holdings in shares of JPMorgan US Momentum Factor ETF by 0.3% during the third quarter. JPMorgan Chase & Co. now owns 94,666 shares of the company’s stock worth $5,408,000 after buying an additional 241 shares in the last quarter. 17 Capital Partners LLC increased its position in JPMorgan US Momentum Factor ETF by 8.6% during the fourth quarter. 17 Capital Partners LLC now owns 8,513 shares of the company’s stock worth $496,000 after acquiring an additional 677 shares during the period. HighTower Advisors LLC raised its stake in JPMorgan US Momentum Factor ETF by 1.5% in the 4th quarter. HighTower Advisors LLC now owns 59,207 shares of the company’s stock worth $3,450,000 after purchasing an additional 894 shares in the last quarter. Palumbo Wealth Management LLC boosted its holdings in JPMorgan US Momentum Factor ETF by 9.6% in the 4th quarter. Palumbo Wealth Management LLC now owns 12,373 shares of the company’s stock valued at $721,000 after purchasing an additional 1,082 shares during the period. Finally, Fifth Third Securities Inc. grew its position in shares of JPMorgan US Momentum Factor ETF by 4.1% during the 4th quarter. Fifth Third Securities Inc. now owns 47,758 shares of the company’s stock worth $2,783,000 after purchasing an additional 1,867 shares in the last quarter.

JPMorgan US Momentum Factor ETF Trading Up 2.2 %

NYSEARCA JMOM opened at $58.38 on Tuesday. The company has a market cap of $1.33 billion, a price-to-earnings ratio of 25.73 and a beta of 1.05. The company has a 50 day moving average of $59.91 and a 200-day moving average of $59.09. JPMorgan US Momentum Factor ETF has a 1-year low of $49.29 and a 1-year high of $62.61.

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.