iShares MSCI USA Momentum Factor ETF $MTUM Shares Bought by USAdvisors Wealth Management LLC

USAdvisors Wealth Management LLC boosted its stake in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 859.4% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 1,372 shares of the company’s stock after purchasing an additional 1,229 shares during the period. USAdvisors Wealth Management LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $330,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp grew its position in iShares MSCI USA Momentum Factor ETF by 5.8% during the 1st quarter. Bank of New York Mellon Corp now owns 215,086 shares of the company’s stock worth $43,475,000 after purchasing an additional 11,729 shares during the period. Dynamic Advisor Solutions LLC grew its position in iShares MSCI USA Momentum Factor ETF by 15.7% during the 1st quarter. Dynamic Advisor Solutions LLC now owns 1,888 shares of the company’s stock worth $382,000 after purchasing an additional 256 shares during the period. CX Institutional acquired a new stake in iShares MSCI USA Momentum Factor ETF during the 1st quarter worth about $43,000. Johnson Investment Counsel Inc. grew its position in iShares MSCI USA Momentum Factor ETF by 3.9% during the 1st quarter. Johnson Investment Counsel Inc. now owns 1,801 shares of the company’s stock worth $364,000 after purchasing an additional 67 shares during the period. Finally, SG Americas Securities LLC acquired a new stake in iShares MSCI USA Momentum Factor ETF during the 1st quarter worth about $1,213,000.

iShares MSCI USA Momentum Factor ETF Stock Up 21.6%

BATS:MTUM opened at $254.15 on Friday. iShares MSCI USA Momentum Factor ETF has a 52 week low of $168.49 and a 52 week high of $240.99. The stock has a market capitalization of $18.55 billion, a PE ratio of 28.67 and a beta of 1.02. The stock’s 50-day moving average price is $247.84 and its 200-day moving average price is $229.67.

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.