JPMorgan US Momentum Factor ETF (NYSEARCA:JMOM) Sees Unusually-High Trading Volume – Time to Buy?

JPMorgan US Momentum Factor ETF (NYSEARCA:JMOM) shares saw unusually-strong trading volume on Friday . Approximately 185,781 shares changed hands during mid-day trading, an increase of 71% from the previous session’s volume of 108,495 shares.The stock last traded at $61.22 and had previously closed at $61.82.

JPMorgan US Momentum Factor ETF Trading Down 2.5 %

The company has a market cap of $1.38 billion, a P/E ratio of 27.36 and a beta of 1.05. The company has a 50 day moving average price of $60.52 and a 200-day moving average price of $58.45.

Institutional Investors Weigh In On JPMorgan US Momentum Factor ETF

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Assetmark Inc. acquired a new position in JPMorgan US Momentum Factor ETF in the 3rd quarter valued at approximately $32,000. AWM Capital LLC acquired a new stake in JPMorgan US Momentum Factor ETF in the fourth quarter valued at $201,000. OLD Mission Capital LLC bought a new position in JPMorgan US Momentum Factor ETF during the 4th quarter worth $213,000. Creative Planning lifted its holdings 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 worth $269,000 after buying an additional 272 shares during the period. Finally, VisionPoint Advisory Group LLC bought a new stake in shares of JPMorgan US Momentum Factor ETF in the 4th quarter valued at about $281,000.

About JPMorgan US Momentum Factor ETF

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.