JPMorgan US Momentum Factor ETF (NYSEARCA:JMOM) Shares Sold by Signature Estate & Investment Advisors LLC

Signature Estate & Investment Advisors LLC reduced its stake in shares of JPMorgan US Momentum Factor ETF (NYSEARCA:JMOM) by 11.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 98,173 shares of the company’s stock after selling 12,106 shares during the quarter. Signature Estate & Investment Advisors LLC owned 0.57% of JPMorgan US Momentum Factor ETF worth $5,721,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. raised its stake in shares of JPMorgan US Momentum Factor ETF by 0.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 94,666 shares of the company’s stock worth $5,408,000 after buying an additional 241 shares during the last quarter. HighTower Advisors LLC increased its holdings in JPMorgan US Momentum Factor ETF by 4.5% during the 3rd quarter. HighTower Advisors LLC now owns 58,313 shares of the company’s stock valued at $3,330,000 after acquiring an additional 2,500 shares in the last quarter. 5T Wealth LLC acquired a new position in JPMorgan US Momentum Factor ETF during the fourth quarter worth about $567,000. Integrated Wealth Concepts LLC purchased a new stake in shares of JPMorgan US Momentum Factor ETF in the third quarter valued at about $335,000. Finally, Johnson Investment Counsel Inc. acquired a new stake in shares of JPMorgan US Momentum Factor ETF in the fourth quarter valued at approximately $309,000.

JPMorgan US Momentum Factor ETF Stock Performance

JMOM stock opened at $58.38 on Tuesday. JPMorgan US Momentum Factor ETF has a 1 year low of $49.29 and a 1 year high of $62.61. The stock’s 50 day moving average price is $59.91 and its 200 day moving average price is $59.09. The firm has a market cap of $1.33 billion, a P/E ratio of 25.73 and a beta of 1.05.

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.