JPMorgan US Momentum Factor ETF (NYSEARCA:JMOM) Sees Unusually-High Trading Volume – Here’s Why

JPMorgan US Momentum Factor ETF (NYSEARCA:JMOM) saw strong trading volume on Friday . 151,112 shares were traded during mid-day trading, an increase of 124% from the previous session’s volume of 67,493 shares.The stock last traded at $56.42 and had previously closed at $57.08.

JPMorgan US Momentum Factor ETF Stock Down 1.8 %

The company’s 50 day simple moving average is $59.70 and its 200-day simple moving average is $59.15. The firm has a market cap of $1.28 billion, a P/E ratio of 26.13 and a beta of 1.05.

JPMorgan US Momentum Factor ETF Increases Dividend

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

Institutional Trading of JPMorgan US Momentum Factor ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Blue Trust Inc. grew its holdings in shares of 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 worth $232,398,000 after purchasing an additional 794,569 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in JPMorgan US Momentum Factor ETF by 5.0% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 10,103,855 shares of the company’s stock worth $588,752,000 after acquiring an additional 484,636 shares in the last quarter. GeoWealth Management LLC purchased a new position in shares of JPMorgan US Momentum Factor ETF during the fourth quarter worth approximately $10,391,000. JPMorgan Chase & Co. raised its stake in shares of JPMorgan US Momentum Factor ETF by 180.7% during the fourth quarter. JPMorgan Chase & Co. now owns 265,709 shares of the company’s stock valued at $15,483,000 after acquiring an additional 171,043 shares in the last quarter. Finally, Integrated Wealth Concepts LLC boosted its holdings in shares of JPMorgan US Momentum Factor ETF by 2,881.7% in the fourth quarter. Integrated Wealth Concepts LLC now owns 174,637 shares of the company’s stock valued at $10,176,000 after purchasing an additional 168,780 shares during the period.

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.