Woodmont Investment Counsel LLC Takes Position in JPMorgan US Momentum Factor ETF (NYSEARCA:JMOM)

Woodmont Investment Counsel LLC bought a new stake in shares of JPMorgan US Momentum Factor ETF (NYSEARCA:JMOM) in the 1st quarter, HoldingsChannel.com reports. The firm bought 1,686 shares of the company’s stock, valued at approximately $89,000.

Several other institutional investors and hedge funds also recently made changes to their positions in JMOM. Householder Group Estate & Retirement Specialist LLC boosted its stake in shares of JPMorgan US Momentum Factor ETF by 160.8% during the 4th quarter. Householder Group Estate & Retirement Specialist LLC now owns 1,103 shares of the company’s stock valued at $50,000 after buying an additional 680 shares during the last quarter. Arlington Trust Co LLC bought a new position in JPMorgan US Momentum Factor ETF during the fourth quarter worth $75,000. Sunbelt Securities Inc. bought a new position in JPMorgan US Momentum Factor ETF during the first quarter worth $80,000. Quent Capital LLC acquired a new stake in JPMorgan US Momentum Factor ETF in the fourth quarter worth $145,000. Finally, Palumbo Wealth Management LLC acquired a new stake in JPMorgan US Momentum Factor ETF in the fourth quarter worth $210,000.

JPMorgan US Momentum Factor ETF Price Performance

Shares of JMOM traded up $0.13 during trading hours on Tuesday, reaching $53.63. 111,882 shares of the company’s stock traded hands, compared to its average volume of 109,136. The firm has a market capitalization of $925.12 million, a price-to-earnings ratio of 23.45 and a beta of 1.03. JPMorgan US Momentum Factor ETF has a twelve month low of $39.25 and a twelve month high of $54.10. The business’s fifty day simple moving average is $52.27 and its two-hundred day simple moving average is $50.19.

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.