Straight Path Wealth Management Has $18.07 Million Holdings in iShares MSCI USA Momentum Factor ETF $MTUM

Straight Path Wealth Management increased its position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 3.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 72,195 shares of the company’s stock after acquiring an additional 2,422 shares during the quarter. iShares MSCI USA Momentum Factor ETF comprises about 4.9% of Straight Path Wealth Management’s holdings, making the stock its 5th biggest holding. Straight Path Wealth Management’s holdings in iShares MSCI USA Momentum Factor ETF were worth $18,071,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Caprock Group LLC bought a new stake in iShares MSCI USA Momentum Factor ETF during the third quarter valued at approximately $3,283,000. Braun Bostich & Associates Inc. lifted its position in iShares MSCI USA Momentum Factor ETF by 63.4% during the fourth quarter. Braun Bostich & Associates Inc. now owns 11,497 shares of the company’s stock valued at $2,878,000 after purchasing an additional 4,463 shares during the last quarter. BCGM Wealth Management LLC lifted its position in iShares MSCI USA Momentum Factor ETF by 45.0% during the fourth quarter. BCGM Wealth Management LLC now owns 25,663 shares of the company’s stock valued at $6,424,000 after purchasing an additional 7,960 shares during the last quarter. Cypress Wealth Services LLC lifted its position in iShares MSCI USA Momentum Factor ETF by 63.6% during the fourth quarter. Cypress Wealth Services LLC now owns 14,772 shares of the company’s stock valued at $3,698,000 after purchasing an additional 5,740 shares during the last quarter. Finally, Ausdal Financial Partners Inc. lifted its position in iShares MSCI USA Momentum Factor ETF by 237.4% during the third quarter. Ausdal Financial Partners Inc. now owns 4,768 shares of the company’s stock valued at $1,223,000 after purchasing an additional 3,355 shares during the last quarter.

iShares MSCI USA Momentum Factor ETF Price Performance

Shares of iShares MSCI USA Momentum Factor ETF stock opened at $325.87 on Friday. iShares MSCI USA Momentum Factor ETF has a 1 year low of $229.29 and a 1 year high of $331.49. The firm has a market cap of $23.79 billion, a PE ratio of 28.67 and a beta of 1.02. The company has a 50 day simple moving average of $282.37 and a two-hundred day simple moving average of $262.22.

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.