562 Shares in JPMorgan US Momentum Factor ETF (NYSEARCA:JMOM) Bought by Assetmark Inc.

Assetmark Inc. purchased a new position in JPMorgan US Momentum Factor ETF (NYSEARCA:JMOM) in the third quarter, HoldingsChannel reports. The firm purchased 562 shares of the company’s stock, valued at approximately $32,000.

Other institutional investors have also added to or reduced their stakes in the company. Palumbo Wealth Management LLC boosted its holdings in shares of JPMorgan US Momentum Factor ETF by 2.7% in the 3rd quarter. Palumbo Wealth Management LLC now owns 11,291 shares of the company’s stock worth $645,000 after purchasing an additional 302 shares during the period. Wealth Enhancement Advisory Services LLC boosted its stake in shares of JPMorgan US Momentum Factor ETF by 8.8% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 9,619,219 shares of the company’s stock valued at $549,546,000 after purchasing an additional 776,455 shares during the period. Klaas Financial Asset Advisors LLC grew its holdings in shares of JPMorgan US Momentum Factor ETF by 2.4% in the third quarter. Klaas Financial Asset Advisors LLC now owns 421,883 shares of the company’s stock worth $24,102,000 after purchasing an additional 9,717 shares during the last quarter. Blue Trust Inc. increased its stake in JPMorgan US Momentum Factor ETF by 1.7% in the 3rd quarter. Blue Trust Inc. now owns 3,193,722 shares of the company’s stock worth $171,179,000 after buying an additional 53,566 shares during the period. Finally, Good Life Advisors LLC purchased a new position in JPMorgan US Momentum Factor ETF in the 3rd quarter worth about $204,000.

JPMorgan US Momentum Factor ETF Stock Up 0.5 %

JMOM opened at $59.75 on Wednesday. JPMorgan US Momentum Factor ETF has a 52 week low of $43.06 and a 52 week high of $61.06. The stock’s fifty day moving average is $57.83 and its two-hundred day moving average is $54.95. The company has a market capitalization of $1.03 billion, a P/E ratio of 23.45 and a beta of 1.03.

JPMorgan US Momentum Factor ETF 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.