JPMorgan US Momentum Factor ETF (NYSEARCA:JMOM) is Cassia Capital Partners LLC’s 8th Largest Position

Cassia Capital Partners LLC cut its holdings in shares of JPMorgan US Momentum Factor ETF (NYSEARCA:JMOM) by 2.8% in the third quarter, HoldingsChannel.com reports. The firm owned 141,167 shares of the company’s stock after selling 4,031 shares during the quarter. JPMorgan US Momentum Factor ETF accounts for about 5.3% of Cassia Capital Partners LLC’s investment portfolio, making the stock its 8th largest holding. Cassia Capital Partners LLC’s holdings in JPMorgan US Momentum Factor ETF were worth $8,065,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of JMOM. Sunbelt Securities Inc. purchased a new position in JPMorgan US Momentum Factor ETF during the 1st quarter valued at about $80,000. Woodmont Investment Counsel LLC purchased a new stake in JPMorgan US Momentum Factor ETF during the first quarter worth approximately $89,000. Good Life Advisors LLC acquired a new position in JPMorgan US Momentum Factor ETF during the third quarter worth approximately $204,000. Dynamic Advisor Solutions LLC acquired a new position in JPMorgan US Momentum Factor ETF during the third quarter worth approximately $240,000. Finally, Creative Planning increased its position 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 during the period.

JPMorgan US Momentum Factor ETF Stock Down 0.4 %

JMOM traded down $0.26 during trading on Monday, hitting $58.48. 26,505 shares of the stock were exchanged, compared to its average volume of 87,304. The firm has a market capitalization of $1.01 billion, a P/E ratio of 23.45 and a beta of 1.03. The stock has a fifty day moving average price of $55.95 and a two-hundred day moving average price of $53.70. JPMorgan US Momentum Factor ETF has a 1-year low of $39.25 and a 1-year high of $58.95.

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.