Peak Wealth Management LLC Invests $4.88 Million in iShares MSCI USA Momentum Factor ETF $MTUM

Peak Wealth Management LLC purchased a new stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) during the fourth quarter, HoldingsChannel.com reports. The firm purchased 19,486 shares of the company’s stock, valued at approximately $4,878,000. iShares MSCI USA Momentum Factor ETF makes up about 4.1% of Peak Wealth Management LLC’s holdings, making the stock its 9th largest position.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Sanchez Wealth Management Group grew its stake in iShares MSCI USA Momentum Factor ETF by 29.8% in the 4th quarter. Sanchez Wealth Management Group now owns 151,553 shares of the company’s stock valued at $37,935,000 after buying an additional 34,808 shares during the last quarter. Nwam LLC grew its stake in iShares MSCI USA Momentum Factor ETF by 9.9% in the 4th quarter. Nwam LLC now owns 2,061 shares of the company’s stock valued at $530,000 after buying an additional 185 shares during the last quarter. D Orazio & Associates Inc. grew its stake in iShares MSCI USA Momentum Factor ETF by 18.2% in the 4th quarter. D Orazio & Associates Inc. now owns 57,464 shares of the company’s stock valued at $14,384,000 after buying an additional 8,844 shares during the last quarter. Flagship Private Wealth LLC grew its stake in iShares MSCI USA Momentum Factor ETF by 12.3% in the 4th quarter. Flagship Private Wealth LLC now owns 4,120 shares of the company’s stock valued at $1,031,000 after buying an additional 450 shares during the last quarter. Finally, Apeiron RIA LLC grew its stake in iShares MSCI USA Momentum Factor ETF by 4.6% in the 4th quarter. Apeiron RIA LLC now owns 7,413 shares of the company’s stock valued at $1,915,000 after buying an additional 323 shares during the last quarter.

iShares MSCI USA Momentum Factor ETF Stock Performance

Shares of MTUM opened at $301.80 on Monday. iShares MSCI USA Momentum Factor ETF has a 52 week low of $216.39 and a 52 week high of $302.01. The firm has a market cap of $22.03 billion, a P/E ratio of 28.67 and a beta of 1.02. The firm’s 50-day simple moving average is $257.98 and its 200 day simple moving average is $254.25.

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. MTUM was launched on Apr 16, 2013 and is managed by BlackRock.