Orion Portfolio Solutions LLC Purchases 4,722 Shares of JPMorgan US Momentum Factor ETF (NYSEARCA:JMOM)

Orion Portfolio Solutions LLC boosted its position in shares of JPMorgan US Momentum Factor ETF (NYSEARCA:JMOM) by 8.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 63,762 shares of the company’s stock after purchasing an additional 4,722 shares during the quarter. Orion Portfolio Solutions LLC owned about 0.37% of JPMorgan US Momentum Factor ETF worth $3,715,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in JMOM. Blue Trust Inc. increased its holdings in JPMorgan US Momentum Factor ETF by 24.9% in the fourth quarter. Blue Trust Inc. now owns 3,988,291 shares of the company’s stock valued at $232,398,000 after purchasing an additional 794,569 shares during the last quarter. JPMorgan Chase & Co. grew its position in shares of JPMorgan US Momentum Factor ETF by 180.7% during the 4th quarter. JPMorgan Chase & Co. now owns 265,709 shares of the company’s stock worth $15,483,000 after buying an additional 171,043 shares during the period. West Wealth Group LLC acquired a new stake in shares of JPMorgan US Momentum Factor ETF in the 4th quarter valued at approximately $4,951,000. Foundations Investment Advisors LLC acquired a new stake in shares of JPMorgan US Momentum Factor ETF in the 4th quarter valued at approximately $2,008,000. Finally, LPL Financial LLC boosted its stake in JPMorgan US Momentum Factor ETF by 10.3% during the 4th quarter. LPL Financial LLC now owns 241,063 shares of the company’s stock worth $14,047,000 after acquiring an additional 22,576 shares during the last quarter.

JPMorgan US Momentum Factor ETF Stock Performance

Shares of NYSEARCA:JMOM opened at $56.08 on Monday. The company has a 50 day moving average price of $59.70 and a two-hundred day moving average price of $59.19. The company has a market capitalization of $1.28 billion, a PE ratio of 26.13 and a beta of 1.05. JPMorgan US Momentum Factor ETF has a 52 week low of $49.29 and a 52 week high of $62.61.

JPMorgan US Momentum Factor ETF Increases Dividend

The firm also recently announced a dividend, which was paid on Thursday, March 27th. Shareholders of record on Tuesday, March 25th were issued a dividend of $0.1127 per share. The ex-dividend date was Tuesday, March 25th. This is a positive change from JPMorgan US Momentum Factor ETF’s previous dividend of $0.11.

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.