Magnolia Capital Advisors LLC Invests $4.34 Million in JPMorgan US Momentum Factor ETF (NYSEARCA:JMOM)

Magnolia Capital Advisors LLC acquired a new stake in shares of JPMorgan US Momentum Factor ETF (NYSEARCA:JMOM) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 90,843 shares of the company’s stock, valued at approximately $4,341,000. JPMorgan US Momentum Factor ETF makes up 3.2% of Magnolia Capital Advisors LLC’s investment portfolio, making the stock its 7th biggest position. Magnolia Capital Advisors LLC owned about 1.36% of JPMorgan US Momentum Factor ETF at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. Householder Group Estate & Retirement Specialist LLC grew its holdings in shares of JPMorgan US Momentum Factor ETF by 160.8% in the 4th quarter. Householder Group Estate & Retirement Specialist LLC now owns 1,103 shares of the company’s stock worth $50,000 after acquiring an additional 680 shares during the last quarter. Arlington Trust Co LLC purchased a new stake in shares of JPMorgan US Momentum Factor ETF during the 4th quarter worth about $75,000. Quent Capital LLC purchased a new stake in shares of JPMorgan US Momentum Factor ETF during the 4th quarter worth about $145,000. Palumbo Wealth Management LLC purchased a new stake in shares of JPMorgan US Momentum Factor ETF during the 4th quarter worth about $210,000. Finally, RHS Financial LLC raised its stake in shares of JPMorgan US Momentum Factor ETF by 7.5% during the 3rd quarter. RHS Financial LLC now owns 8,354 shares of the company’s stock worth $343,000 after purchasing an additional 586 shares in the last quarter.

JPMorgan US Momentum Factor ETF Price Performance

Shares of JMOM stock traded down $0.09 during trading on Wednesday, reaching $50.62. The company had a trading volume of 19,955 shares, compared to its average volume of 136,634. The firm’s 50 day simple moving average is $51.25 and its two-hundred day simple moving average is $46.73. JPMorgan US Momentum Factor ETF has a one year low of $38.50 and a one year high of $52.95. The company has a market capitalization of $847.89 million, a PE ratio of 23.54 and a beta of 1.01.

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.