JPMorgan US Momentum Factor ETF (NYSEARCA:JMOM) Stake Cut by Shore Point Advisors LLC

Shore Point Advisors LLC trimmed its stake in JPMorgan US Momentum Factor ETF (NYSEARCA:JMOM) by 0.6% during the 4th quarter, Holdings Channel reports. The firm owned 499,074 shares of the company’s stock after selling 3,109 shares during the quarter. JPMorgan US Momentum Factor ETF comprises approximately 15.6% of Shore Point Advisors LLC’s portfolio, making the stock its biggest holding. Shore Point Advisors LLC’s holdings in JPMorgan US Momentum Factor ETF were worth $29,082,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Creative Planning raised its stake in JPMorgan US Momentum Factor ETF by 6.1% in the third quarter. Creative Planning now owns 4,716 shares of the company’s stock worth $269,000 after buying an additional 272 shares in the last quarter. JPMorgan Chase & Co. increased its position in 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 valued at $5,408,000 after acquiring an additional 241 shares during the last quarter. Cetera Investment Advisers boosted its stake in shares of JPMorgan US Momentum Factor ETF by 5.9% during the 2nd quarter. Cetera Investment Advisers now owns 39,646 shares of the company’s stock worth $2,125,000 after acquiring an additional 2,194 shares during the last quarter. Assetmark Inc. purchased a new position in shares of JPMorgan US Momentum Factor ETF during the 3rd quarter valued at about $32,000. Finally, Delos Wealth Advisors LLC boosted its holdings in JPMorgan US Momentum Factor ETF by 11.0% in the 2nd quarter. Delos Wealth Advisors LLC now owns 39,205 shares of the company’s stock worth $2,101,000 after buying an additional 3,896 shares during the period.

JPMorgan US Momentum Factor ETF Stock Performance

JMOM stock opened at $60.67 on Monday. The company has a market capitalization of $1.05 billion, a PE ratio of 23.45 and a beta of 1.03. JPMorgan US Momentum Factor ETF has a one year low of $45.74 and a one year high of $62.20. The company’s fifty day moving average price is $60.05 and its 200-day moving average price is $57.17.

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.