MorganRosel Wealth Management LLC Has $1.73 Million Stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

MorganRosel Wealth Management LLC lifted its holdings in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 8.5% in the 4th quarter, Holdings Channel reports. The institutional investor owned 8,339 shares of the company’s stock after acquiring an additional 653 shares during the period. MorganRosel Wealth Management LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $1,726,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Twin Peaks Wealth Advisors LLC acquired a new position in iShares MSCI USA Momentum Factor ETF during the fourth quarter valued at approximately $1,279,000. Commonwealth Retirement Investments LLC acquired a new position in iShares MSCI USA Momentum Factor ETF during the fourth quarter valued at approximately $594,000. Bank of New York Mellon Corp grew its holdings in iShares MSCI USA Momentum Factor ETF by 3.0% during the fourth quarter. Bank of New York Mellon Corp now owns 203,357 shares of the company’s stock valued at $42,079,000 after purchasing an additional 5,963 shares during the period. IFP Advisors Inc grew its holdings in iShares MSCI USA Momentum Factor ETF by 25.5% during the fourth quarter. IFP Advisors Inc now owns 13,365 shares of the company’s stock valued at $2,766,000 after purchasing an additional 2,714 shares during the period. Finally, WealthShield Partners LLC grew its holdings in iShares MSCI USA Momentum Factor ETF by 425.1% during the fourth quarter. WealthShield Partners LLC now owns 14,709 shares of the company’s stock valued at $3,044,000 after purchasing an additional 11,908 shares during the period.

iShares MSCI USA Momentum Factor ETF Stock Performance

Shares of BATS MTUM opened at $217.53 on Tuesday. The stock has a market cap of $15.61 billion, a P/E ratio of 28.87 and a beta of 0.98. The firm has a 50 day moving average price of $216.56 and a 200 day moving average price of $208.15. iShares MSCI USA Momentum Factor ETF has a 52-week low of $81.37 and a 52-week high of $113.60.

iShares MSCI USA Momentum Factor ETF Company Profile

The iShares MSCI USA Momentum Factor ETF (MTUM) is an exchange-traded fund that is based on the MSCI USA Momentum SR Variant index. The fund tracks an index of large- and mid-cap US equities, selected and weighted based on price appreciation over 6- and 12-month periods and low volatility over the past 3 years.