Cornerstone Wealth Management LLC Sells 1,942 Shares of JPMorgan US Momentum Factor ETF (NYSEARCA:JMOM)

Cornerstone Wealth Management LLC lowered its stake in JPMorgan US Momentum Factor ETF (NYSEARCA:JMOM) by 1.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 139,120 shares of the company’s stock after selling 1,942 shares during the quarter. Cornerstone Wealth Management LLC’s holdings in JPMorgan US Momentum Factor ETF were worth $8,107,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the stock. Patten Group Inc. increased its holdings in JPMorgan US Momentum Factor ETF by 2.3% during the third quarter. Patten Group Inc. now owns 8,753 shares of the company’s stock worth $500,000 after buying an additional 195 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in JPMorgan US Momentum Factor ETF by 0.3% during the third 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. Creative Planning boosted its position in JPMorgan US Momentum Factor ETF by 6.1% during the third quarter. Creative Planning now owns 4,716 shares of the company’s stock worth $269,000 after purchasing an additional 272 shares during the period. Palumbo Wealth Management LLC boosted its position in JPMorgan US Momentum Factor ETF by 2.7% during the third quarter. Palumbo Wealth Management LLC now owns 11,291 shares of the company’s stock worth $645,000 after purchasing an additional 302 shares during the period. Finally, Assetmark Inc. bought a new position in JPMorgan US Momentum Factor ETF during the third quarter worth $32,000.

JPMorgan US Momentum Factor ETF Price Performance

JMOM stock opened at $62.13 on Friday. The company has a fifty day moving average price of $60.14 and a two-hundred day moving average price of $57.34. JPMorgan US Momentum Factor ETF has a one year low of $47.04 and a one year high of $62.20. The stock has a market cap of $1.07 billion, a price-to-earnings 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.