ShoreHaven Wealth Partners LLC Grows Holdings in iShares MSCI USA Momentum Factor ETF $MTUM

ShoreHaven Wealth Partners LLC lifted its position in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 69.9% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 22,539 shares of the company’s stock after acquiring an additional 9,276 shares during the quarter. iShares MSCI USA Momentum Factor ETF makes up approximately 2.0% of ShoreHaven Wealth Partners LLC’s portfolio, making the stock its 15th biggest position. ShoreHaven Wealth Partners LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $5,642,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Triumph Capital Management bought a new position in shares of iShares MSCI USA Momentum Factor ETF during the 3rd quarter worth $25,000. Cary Street Partners Financial LLC bought a new position in shares of iShares MSCI USA Momentum Factor ETF during the 4th quarter worth $25,000. Dagco Inc. bought a new position in shares of iShares MSCI USA Momentum Factor ETF during the 4th quarter worth $25,000. Eagle Bay Advisors LLC bought a new position in shares of iShares MSCI USA Momentum Factor ETF during the 4th quarter worth $26,000. Finally, United Financial Planning Group LLC bought a new position in shares of iShares MSCI USA Momentum Factor ETF during the 3rd quarter worth $28,000.

iShares MSCI USA Momentum Factor ETF Trading Up 1.1%

MTUM opened at $329.50 on Thursday. iShares MSCI USA Momentum Factor ETF has a 12-month low of $229.29 and a 12-month high of $331.49. The business’s fifty day simple moving average is $280.76 and its 200-day simple moving average is $261.65. The company has a market capitalization of $24.05 billion, a price-to-earnings ratio of 28.67 and a beta of 1.02.

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.