Dynamic Advisor Solutions LLC Purchases Shares of 4,200 JPMorgan US Momentum Factor ETF (NYSEARCA:JMOM)

Dynamic Advisor Solutions LLC acquired a new position in shares of JPMorgan US Momentum Factor ETF (NYSEARCA:JMOM) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 4,200 shares of the company’s stock, valued at approximately $240,000.

Other hedge funds also recently modified their holdings of the company. 17 Capital Partners LLC acquired a new position in JPMorgan US Momentum Factor ETF during the first quarter valued at approximately $260,000. Nova R Wealth Inc. raised its stake in shares of JPMorgan US Momentum Factor ETF by 7.3% during the 1st quarter. Nova R Wealth Inc. now owns 144,911 shares of the company’s stock worth $7,634,000 after purchasing an additional 9,887 shares in the last quarter. Sunbelt Securities Inc. acquired a new stake in shares of JPMorgan US Momentum Factor ETF in the 1st quarter valued at approximately $80,000. Wealth Enhancement Advisory Services LLC grew its stake in shares of JPMorgan US Momentum Factor ETF by 1,766.0% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 8,096,156 shares of the company’s stock valued at $426,505,000 after buying an additional 7,662,280 shares in the last quarter. Finally, Woodmont Investment Counsel LLC acquired a new position in JPMorgan US Momentum Factor ETF during the first quarter worth $89,000.

JPMorgan US Momentum Factor ETF Price Performance

Shares of JMOM stock opened at $58.40 on Monday. The company has a fifty day moving average price of $55.26 and a two-hundred day moving average price of $53.49. JPMorgan US Momentum Factor ETF has a one year low of $39.25 and a one year high of $58.46. The stock has a market cap 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.