JPMorgan US Momentum Factor ETF (NYSEARCA:JMOM) Shares Sold by Nova R Wealth Inc.

Nova R Wealth Inc. trimmed its stake in JPMorgan US Momentum Factor ETF (NYSEARCA:JMOM) by 1.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 141,679 shares of the company’s stock after selling 2,613 shares during the quarter. JPMorgan US Momentum Factor ETF makes up 4.2% of Nova R Wealth Inc.’s portfolio, making the stock its 8th biggest holding. Nova R Wealth Inc. owned approximately 0.82% of JPMorgan US Momentum Factor ETF worth $8,256,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC grew its position in shares of JPMorgan US Momentum Factor ETF by 8.8% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 9,619,219 shares of the company’s stock valued at $549,546,000 after purchasing an additional 776,455 shares during the period. Blue Trust Inc. grew its position in shares of JPMorgan US Momentum Factor ETF by 22.6% in the fourth quarter. Blue Trust Inc. now owns 3,916,100 shares of the company’s stock valued at $223,727,000 after purchasing an additional 722,378 shares during the period. Klaas Financial Asset Advisors LLC grew its position in JPMorgan US Momentum Factor ETF by 0.5% during the fourth quarter. Klaas Financial Asset Advisors LLC now owns 423,844 shares of the company’s stock valued at $24,697,000 after acquiring an additional 1,961 shares during the period. Cornerstone Wealth Management LLC grew its position in JPMorgan US Momentum Factor ETF by 0.7% during the third quarter. Cornerstone Wealth Management LLC now owns 141,062 shares of the company’s stock valued at $8,059,000 after acquiring an additional 931 shares during the period. Finally, Signature Estate & Investment Advisors LLC grew its position in JPMorgan US Momentum Factor ETF by 25.7% during the third quarter. Signature Estate & Investment Advisors LLC now owns 110,279 shares of the company’s stock valued at $6,300,000 after acquiring an additional 22,521 shares during the period.

JPMorgan US Momentum Factor ETF Trading Up 1.1 %

JMOM stock opened at $62.42 on Friday. The stock has a 50-day moving average price of $60.39 and a two-hundred day moving average price of $58.13. JPMorgan US Momentum Factor ETF has a 12-month low of $48.69 and a 12-month high of $62.61. The company has a market cap of $1.08 billion, a PE ratio of 23.45 and a beta of 1.03.

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.