Cetera Investment Advisers Has $2.13 Million Position in JPMorgan US Momentum Factor ETF (NYSEARCA:JMOM)

Cetera Investment Advisers raised its stake in shares of JPMorgan US Momentum Factor ETF (NYSEARCA:JMOM) by 5.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 39,646 shares of the company’s stock after acquiring an additional 2,194 shares during the period. Cetera Investment Advisers’ holdings in JPMorgan US Momentum Factor ETF were worth $2,125,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in JMOM. Sunbelt Securities Inc. bought a new stake in JPMorgan US Momentum Factor ETF in the first quarter worth about $80,000. Woodmont Investment Counsel LLC bought a new stake in JPMorgan US Momentum Factor ETF in the 1st quarter worth approximately $89,000. 17 Capital Partners LLC purchased a new stake in shares of JPMorgan US Momentum Factor ETF in the 1st quarter valued at $260,000. Patten Group Inc. boosted its position in JPMorgan US Momentum Factor ETF by 20.1% during the second quarter. Patten Group Inc. now owns 8,558 shares of the company’s stock valued at $459,000 after buying an additional 1,431 shares during the period. Finally, Private Advisor Group LLC boosted its holdings in JPMorgan US Momentum Factor ETF by 5.3% during the 1st quarter. Private Advisor Group LLC now owns 9,013 shares of the company’s stock valued at $475,000 after acquiring an additional 450 shares during the period.

JPMorgan US Momentum Factor ETF Stock Performance

Shares of JMOM stock opened at $58.40 on Monday. JPMorgan US Momentum Factor ETF has a fifty-two week low of $39.25 and a fifty-two week high of $58.46. The stock has a 50 day moving average price of $55.26 and a two-hundred day moving average price of $53.49. The company has a market capitalization of $1.01 billion, a P/E ratio of 23.45 and a beta of 1.03.

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.