Cassia Capital Partners LLC Has $8.10 Million Stock Position in JPMorgan US Momentum Factor ETF (NYSEARCA:JMOM)

Cassia Capital Partners LLC trimmed its stake in shares of JPMorgan US Momentum Factor ETF (NYSEARCA:JMOM) by 1.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 139,064 shares of the company’s stock after selling 2,103 shares during the quarter. JPMorgan US Momentum Factor ETF comprises 5.2% of Cassia Capital Partners LLC’s holdings, making the stock its 8th biggest position. Cassia Capital Partners LLC owned about 0.81% of JPMorgan US Momentum Factor ETF worth $8,103,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in JMOM. Assetmark Inc. acquired a new stake in JPMorgan US Momentum Factor ETF in the 3rd quarter valued at about $32,000. Good Life Advisors LLC acquired a new stake in JPMorgan US Momentum Factor ETF during the third quarter valued at approximately $204,000. Dynamic Advisor Solutions LLC acquired a new stake in JPMorgan US Momentum Factor ETF during the third quarter valued at approximately $240,000. Creative Planning boosted its holdings in JPMorgan US Momentum Factor ETF by 6.1% during the third quarter. Creative Planning now owns 4,716 shares of the company’s stock worth $269,000 after buying an additional 272 shares in the last quarter. Finally, Integrated Wealth Concepts LLC acquired a new position in JPMorgan US Momentum Factor ETF in the third quarter worth approximately $335,000.

JPMorgan US Momentum Factor ETF Stock Performance

NYSEARCA JMOM opened at $61.40 on Wednesday. The stock has a market capitalization of $1.06 billion, a P/E ratio of 23.45 and a beta of 1.03. The business’s fifty day moving average is $60.30 and its two-hundred day moving average is $57.77. JPMorgan US Momentum Factor ETF has a 1 year low of $48.08 and a 1 year high of $62.26.

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.