Cornerstone Wealth Management LLC Has $8.11 Million Stock Holdings in JPMorgan US Momentum Factor ETF (NYSEARCA:JMOM)

Cornerstone Wealth Management LLC lessened its stake in JPMorgan US Momentum Factor ETF (NYSEARCA:JMOM) by 1.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 139,120 shares of the company’s stock after selling 1,942 shares during the quarter. Cornerstone Wealth Management LLC owned 0.81% of JPMorgan US Momentum Factor ETF worth $8,107,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. Creative Planning boosted its holdings in shares of JPMorgan US Momentum Factor ETF by 6.1% during the 3rd quarter. Creative Planning now owns 4,716 shares of the company’s stock worth $269,000 after buying an additional 272 shares during the period. JPMorgan Chase & Co. raised its stake in shares of JPMorgan US Momentum Factor ETF by 0.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 94,666 shares of the company’s stock valued at $5,408,000 after buying an additional 241 shares in the last quarter. Cetera Investment Advisers raised its stake in shares of JPMorgan US Momentum Factor ETF by 5.9% in the 2nd quarter. Cetera Investment Advisers now owns 39,646 shares of the company’s stock valued at $2,125,000 after buying an additional 2,194 shares in the last quarter. Assetmark Inc. acquired a new position in shares of JPMorgan US Momentum Factor ETF in the 3rd quarter valued at $32,000. Finally, Dynamic Advisor Solutions LLC acquired a new position in shares of JPMorgan US Momentum Factor ETF in the 3rd quarter valued at $240,000.

JPMorgan US Momentum Factor ETF Stock Performance

Shares of JMOM stock opened at $62.13 on Friday. JPMorgan US Momentum Factor ETF has a 52-week low of $47.04 and a 52-week 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. The firm has a fifty day moving average of $60.14 and a 200-day moving average of $57.34.

JPMorgan US Momentum Factor ETF Profile

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.