Professional Financial Advisors LLC Lowers Position in JPMorgan US Momentum Factor ETF (NYSEARCA:JMOM)

Professional Financial Advisors LLC trimmed its position in shares of JPMorgan US Momentum Factor ETF (NYSEARCA:JMOM) by 1.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,817 shares of the company’s stock after selling 329 shares during the quarter. Professional Financial Advisors LLC owned approximately 0.12% of JPMorgan US Momentum Factor ETF worth $1,213,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the company. JPMorgan Chase & Co. increased its holdings 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 buying an additional 241 shares in the last quarter. Synovus Financial Corp increased its stake in shares of JPMorgan US Momentum Factor ETF by 118.8% in the 3rd quarter. Synovus Financial Corp now owns 24,978 shares of the company’s stock valued at $1,427,000 after purchasing an additional 13,562 shares in the last quarter. World Investment Advisors LLC purchased a new position in shares of JPMorgan US Momentum Factor ETF in the 3rd quarter valued at about $401,000. Delos Wealth Advisors LLC raised its holdings in JPMorgan US Momentum Factor ETF by 7.4% in the 3rd quarter. Delos Wealth Advisors LLC now owns 42,092 shares of the company’s stock worth $2,405,000 after purchasing an additional 2,887 shares during the period. Finally, Integrated Wealth Concepts LLC purchased a new position in JPMorgan US Momentum Factor ETF during the third quarter worth approximately $335,000.

JPMorgan US Momentum Factor ETF Price Performance

JPMorgan US Momentum Factor ETF stock opened at $58.49 on Tuesday. The stock has a market capitalization of $1.01 billion, a PE ratio of 23.45 and a beta of 1.03. The business has a 50 day simple moving average of $60.00 and a 200-day simple moving average of $56.96. JPMorgan US Momentum Factor ETF has a 12 month low of $45.48 and a 12 month high of $62.20.

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.