90,843 Shares in JPMorgan US Momentum Factor ETF (NYSEARCA:JMOM) Bought by Magnolia Capital Advisors LLC

Magnolia Capital Advisors LLC acquired a new position in JPMorgan US Momentum Factor ETF (NYSEARCA:JMOM) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 90,843 shares of the company’s stock, valued at approximately $4,341,000. JPMorgan US Momentum Factor ETF makes up 3.2% of Magnolia Capital Advisors LLC’s holdings, making the stock its 7th largest holding.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Cassia Capital Partners LLC raised its position in shares of JPMorgan US Momentum Factor ETF by 159.2% in the fourth quarter. Cassia Capital Partners LLC now owns 104,255 shares of the company’s stock worth $4,766,000 after buying an additional 64,040 shares in the last quarter. Signature Estate & Investment Advisors LLC increased its stake in JPMorgan US Momentum Factor ETF by 3.1% in the fourth quarter. Signature Estate & Investment Advisors LLC now owns 84,321 shares of the company’s stock valued at $3,855,000 after acquiring an additional 2,514 shares during the last quarter. Arlington Trust Co LLC bought a new position in JPMorgan US Momentum Factor ETF in the fourth quarter valued at $75,000. Householder Group Estate & Retirement Specialist LLC increased its stake in JPMorgan US Momentum Factor ETF by 160.8% in the fourth quarter. Householder Group Estate & Retirement Specialist LLC now owns 1,103 shares of the company’s stock valued at $50,000 after acquiring an additional 680 shares during the last quarter. Finally, Palumbo Wealth Management LLC bought a new position in JPMorgan US Momentum Factor ETF in the fourth quarter valued at $210,000.

JPMorgan US Momentum Factor ETF Stock Performance

JMOM traded down $0.09 during trading on Wednesday, reaching $50.62. The stock had a trading volume of 19,955 shares, compared to its average volume of 136,634. The stock has a market cap of $847.89 million, a PE ratio of 23.54 and a beta of 1.01. JPMorgan US Momentum Factor ETF has a one year low of $38.50 and a one year high of $52.95. The business has a 50-day moving average of $51.25 and a 200-day moving average of $46.73.

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.