JPMorgan US Momentum Factor ETF (NYSEARCA:JMOM) is Stringer Asset Management LLC’s Largest Position

Stringer Asset Management LLC boosted its stake in JPMorgan US Momentum Factor ETF (NYSEARCA:JMOMGet Rating) by 57.9% in the fourth quarter, Holdings Channel reports. The fund owned 39,035 shares of the company’s stock after buying an additional 14,310 shares during the quarter. JPMorgan US Momentum Factor ETF makes up about 13.8% of Stringer Asset Management LLC’s holdings, making the stock its biggest holding. Stringer Asset Management LLC’s holdings in JPMorgan US Momentum Factor ETF were worth $12,649,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC purchased a new position in JPMorgan US Momentum Factor ETF in the 4th quarter worth approximately $44,000. Clearstead Advisors LLC purchased a new position in shares of JPMorgan US Momentum Factor ETF during the 3rd quarter valued at approximately $74,000. UBS Group AG purchased a new position in shares of JPMorgan US Momentum Factor ETF during the 3rd quarter valued at approximately $82,000. Fort Point Capital Partners LLC purchased a new position in shares of JPMorgan US Momentum Factor ETF during the 3rd quarter valued at approximately $293,000. Finally, Brookstone Capital Management purchased a new position in shares of JPMorgan US Momentum Factor ETF during the 4th quarter valued at approximately $356,000.

Shares of JMOM stock traded up $0.72 on Friday, hitting $39.79. 100 shares of the stock traded hands, compared to its average volume of 32,688. JPMorgan US Momentum Factor ETF has a 1-year low of $36.46 and a 1-year high of $49.42. The company’s fifty day moving average is $41.33 and its 200 day moving average is $43.87.

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Institutional Ownership by Quarter for JPMorgan US Momentum Factor ETF (NYSEARCA:JMOM)

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