Comerica Bank Sells 255 Shares of JPMorgan US Momentum Factor ETF (NYSEARCA:JMOM)

Comerica Bank reduced its stake in shares of JPMorgan US Momentum Factor ETF (NYSEARCA:JMOM) by 10.2% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,246 shares of the company’s stock after selling 255 shares during the period. Comerica Bank’s holdings in JPMorgan US Momentum Factor ETF were worth $118,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of JMOM. Sunbelt Securities Inc. purchased a new stake in shares of JPMorgan US Momentum Factor ETF during the 1st quarter valued at approximately $80,000. Woodmont Investment Counsel LLC purchased a new stake in shares of JPMorgan US Momentum Factor ETF during the 1st quarter valued at $89,000. Westover Capital Advisors LLC purchased a new stake in shares of JPMorgan US Momentum Factor ETF during the 4th quarter valued at $239,000. 17 Capital Partners LLC purchased a new stake in shares of JPMorgan US Momentum Factor ETF during the 1st quarter valued at $260,000. Finally, Private Advisor Group LLC raised its position in shares of 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 buying an additional 450 shares in the last quarter.

JPMorgan US Momentum Factor ETF Stock Performance

JPMorgan US Momentum Factor ETF stock opened at $54.65 on Monday. The firm’s fifty day moving average price is $53.51 and its 200-day moving average price is $52.00. The stock has a market cap of $942.71 million, a P/E ratio of 23.45 and a beta of 1.03. JPMorgan US Momentum Factor ETF has a fifty-two week low of $39.25 and a fifty-two week high of $55.51.

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.