Great Valley Advisor Group Inc. Sells 79,331 Shares of JPMorgan US Momentum Factor ETF (NYSEARCA:JMOM)

Great Valley Advisor Group Inc. decreased its stake in shares of JPMorgan US Momentum Factor ETF (NYSEARCA:JMOM) by 93.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,918 shares of the company’s stock after selling 79,331 shares during the quarter. Great Valley Advisor Group Inc.’s holdings in JPMorgan US Momentum Factor ETF were worth $338,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Patten Group Inc. increased its position in JPMorgan US Momentum Factor ETF by 2.3% during the 3rd quarter. Patten Group Inc. now owns 8,753 shares of the company’s stock valued at $500,000 after purchasing an additional 195 shares during the period. Creative Planning increased its position in JPMorgan US Momentum Factor ETF by 6.1% during the 3rd quarter. Creative Planning now owns 4,716 shares of the company’s stock valued at $269,000 after purchasing an additional 272 shares during the period. Palumbo Wealth Management LLC increased its position in JPMorgan US Momentum Factor ETF by 2.7% during the 3rd quarter. Palumbo Wealth Management LLC now owns 11,291 shares of the company’s stock valued at $645,000 after purchasing an additional 302 shares during the period. Assetmark Inc. purchased a new position in JPMorgan US Momentum Factor ETF during the 3rd quarter valued at about $32,000. Finally, Cornerstone Wealth Management LLC grew its position in shares of JPMorgan US Momentum Factor ETF by 0.7% in the 3rd quarter. Cornerstone Wealth Management LLC now owns 141,062 shares of the company’s stock worth $8,059,000 after buying an additional 931 shares during the last quarter.

JPMorgan US Momentum Factor ETF Stock Down 0.7 %

Shares of JPMorgan US Momentum Factor ETF stock opened at $61.07 on Thursday. The firm’s 50 day moving average price is $58.38 and its 200-day moving average price is $55.27. JPMorgan US Momentum Factor ETF has a 52-week low of $43.20 and a 52-week high of $61.50. The company has a market cap of $1.05 billion, a P/E ratio of 23.45 and a beta of 1.03.

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.