JPMorgan Files For Five New Single Factor ETFs

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August 8, 2017 11:40am NYSE:JPIN

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JPMorgan has filed to launch five new exchange traded funds, all of which will target domestic equities and are derived from the Russell 1000, which encompasses the 1,000 largest public companies in the United States.


The JPMorgan U.S. Dividend ETF will track an index that targets stocks with the highest dividend yields over a rolling 12-month period in each distinct sector. Stocks are weighted within their sectors in order to diversify risk.

Next, the JPMorgan U.S. Minimum Volatility ETF will track an index that looks to lower overall portfolio volatility while still diversifying among various sectors.

The JPMorgan U.S. Momentum Factor ETF tracks an index targeting momentum stocks — those that have had above-average recent risk-adjusted returns relative to the other stocks in the market. Each sector is weighted by market cap.

The JPMorgan U.S. Quality Factor ETF looks to own stocks with high profitability and solvency levels, along with high quality earnings. Like the momentum factor ETF, sectors here are also weighted by market cap.

The JPMorgan U.S. Value Factor ETF targets companies with attractive valuations based on price-to-book ratio, price-to-earnings ratio, dividend yield, and free cash flow. Once again, sectors are weighted by market cap.

These single factor funds join JPMorgan’s current lineup of multifactor funds. The SEC filing did not indicate tickers, expense ratios, or a listing exchange, so we’ll have to wait for that info to come out later.

JPMorgan is relatively new to the ETF world, and these new filings will take its total fund roster up from 13 to 18. Its current largest fund, the $900 million JPMorgan Diversified Return International Equity ETF (NYSE:JPIN) was trading at $57.60 per share on Tuesday morning, down $0.11 (-0.19%). Year-to-date, JPIN has gained 17.70%, versus a 12.13% rise in the benchmark S&P 500 index during the same period.

JPIN currently has an ETF Daily News SMART Grade of A (Strong Buy), and is ranked #14 of 53 ETFs in the Foreign Large Cap Blend ETFs category.


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