GDS Wealth Management Increases Stock Position in iShares MSCI USA Momentum Factor ETF $MTUM

GDS Wealth Management lifted its position in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 9.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,767 shares of the company’s stock after purchasing an additional 247 shares during the period. GDS Wealth Management’s holdings in iShares MSCI USA Momentum Factor ETF were worth $665,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in MTUM. Harbor Investment Advisory LLC boosted its stake in shares of iShares MSCI USA Momentum Factor ETF by 262.2% in the 2nd quarter. Harbor Investment Advisory LLC now owns 163 shares of the company’s stock worth $39,000 after buying an additional 118 shares during the last quarter. GAMMA Investing LLC lifted its holdings in iShares MSCI USA Momentum Factor ETF by 45.0% during the second quarter. GAMMA Investing LLC now owns 216 shares of the company’s stock worth $52,000 after acquiring an additional 67 shares during the period. Hilltop National Bank bought a new stake in iShares MSCI USA Momentum Factor ETF during the second quarter worth $55,000. Fortitude Family Office LLC boosted its position in iShares MSCI USA Momentum Factor ETF by 109.0% in the second quarter. Fortitude Family Office LLC now owns 255 shares of the company’s stock worth $61,000 after purchasing an additional 133 shares during the last quarter. Finally, Hantz Financial Services Inc. bought a new position in iShares MSCI USA Momentum Factor ETF in the 2nd quarter valued at $65,000.

iShares MSCI USA Momentum Factor ETF Price Performance

Shares of iShares MSCI USA Momentum Factor ETF stock opened at $242.97 on Thursday. The firm has a market cap of $17.74 billion, a PE ratio of 28.67 and a beta of 1.02. iShares MSCI USA Momentum Factor ETF has a 1 year low of $168.49 and a 1 year high of $240.99. The stock has a fifty day moving average price of $252.98 and a 200-day moving average price of $242.23.

iShares MSCI USA Momentum Factor ETF 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.