Cornerstone Wealth Management LLC Boosts Stake in JPMorgan US Momentum Factor ETF (NYSEARCA:JMOM)

Cornerstone Wealth Management LLC lifted its stake in JPMorgan US Momentum Factor ETF (NYSEARCA:JMOM) by 4.3% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 136,644 shares of the company’s stock after purchasing an additional 5,621 shares during the period. Cornerstone Wealth Management LLC owned 0.82% of JPMorgan US Momentum Factor ETF worth $7,198,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC boosted its holdings in JPMorgan US Momentum Factor ETF by 1,766.0% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 8,096,156 shares of the company’s stock worth $426,505,000 after buying an additional 7,662,280 shares during the period. Shore Point Advisors LLC boosted its holdings in JPMorgan US Momentum Factor ETF by 95.9% in the 4th quarter. Shore Point Advisors LLC now owns 493,254 shares of the company’s stock worth $22,535,000 after buying an additional 241,488 shares during the period. LPL Financial LLC boosted its holdings in JPMorgan US Momentum Factor ETF by 173.3% in the 3rd quarter. LPL Financial LLC now owns 192,508 shares of the company’s stock worth $7,901,000 after buying an additional 122,059 shares during the period. Nova R Wealth Inc. boosted its holdings in JPMorgan US Momentum Factor ETF by 7.3% in the 1st quarter. Nova R Wealth Inc. now owns 144,911 shares of the company’s stock worth $7,634,000 after buying an additional 9,887 shares during the period. Finally, Savant Capital LLC boosted its holdings in JPMorgan US Momentum Factor ETF by 14.1% in the 4th quarter. Savant Capital LLC now owns 111,239 shares of the company’s stock worth $5,085,000 after buying an additional 13,765 shares during the period.

JPMorgan US Momentum Factor ETF Trading Up 0.5 %

JPMorgan US Momentum Factor ETF stock traded up $0.26 during mid-day trading on Thursday, hitting $53.92. The stock had a trading volume of 38,688 shares, compared to its average volume of 108,794. The firm has a market capitalization of $930.12 million, a P/E ratio of 23.45 and a beta of 1.03. The firm’s 50 day moving average is $52.39 and its 200 day moving average is $50.28. JPMorgan US Momentum Factor ETF has a one year low of $39.25 and a one year high of $54.10.

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.