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

Shares of JPMorgan US Momentum Factor ETF (NYSEARCA:JMOM) saw unusually-high trading volume on Friday . Approximately 151,112 shares traded hands 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 Down 1.7 %

The firm has a 50 day moving average of $59.80 and a two-hundred day moving average of $59.10. The firm has a market capitalization of $1.28 billion, a price-to-earnings ratio of 26.13 and a beta of 1.05.

JPMorgan US Momentum Factor ETF Increases Dividend

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

Hedge Funds Weigh In On JPMorgan US Momentum Factor ETF

A number of institutional investors have recently added to or reduced their stakes in JMOM. JPMorgan Chase & Co. raised its position in JPMorgan US Momentum Factor ETF by 0.3% in the third quarter. JPMorgan Chase & Co. now owns 94,666 shares of the company’s stock valued at $5,408,000 after purchasing an additional 241 shares during the last quarter. HighTower Advisors LLC raised its holdings in 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 valued at $3,330,000 after buying an additional 2,500 shares during the last quarter. 5T Wealth LLC acquired a new stake in JPMorgan US Momentum Factor ETF during the 4th quarter worth approximately $567,000. Integrated Wealth Concepts LLC bought a new stake in JPMorgan US Momentum Factor ETF during the 3rd quarter worth approximately $335,000. Finally, Johnson Investment Counsel Inc. acquired a new position in JPMorgan US Momentum Factor ETF in the 4th quarter valued at approximately $309,000.

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.