Mosley Wealth Management Buys Shares of 10,173 iShares MSCI USA Momentum Factor ETF $MTUM

Mosley Wealth Management bought a new stake in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) during the 4th quarter, Holdings Channel reports. The firm bought 10,173 shares of the company’s stock, valued at approximately $2,604,000. iShares MSCI USA Momentum Factor ETF comprises approximately 1.2% of Mosley Wealth Management’s investment portfolio, making the stock its 19th largest holding.

Several other hedge funds have also recently added to or reduced their stakes in the business. Tandemgrowth Financial Advisors LLC bought a new stake in iShares MSCI USA Momentum Factor ETF during the 4th quarter valued at $457,000. Great Valley Advisor Group Inc. raised its stake in iShares MSCI USA Momentum Factor ETF by 60.9% during the 4th quarter. Great Valley Advisor Group Inc. now owns 3,894 shares of the company’s stock valued at $974,000 after acquiring an additional 1,474 shares in the last quarter. Kovack Advisors Inc. bought a new stake in iShares MSCI USA Momentum Factor ETF during the 4th quarter valued at $691,000. Absolute Capital Management LLC raised its stake in iShares MSCI USA Momentum Factor ETF by 167.0% during the 4th quarter. Absolute Capital Management LLC now owns 6,608 shares of the company’s stock valued at $1,654,000 after acquiring an additional 4,133 shares in the last quarter. Finally, TCTC Holdings LLC raised its stake in iShares MSCI USA Momentum Factor ETF by 184.2% during the 4th quarter. TCTC Holdings LLC now owns 3,376 shares of the company’s stock valued at $845,000 after acquiring an additional 2,188 shares in the last quarter.

iShares MSCI USA Momentum Factor ETF Price Performance

Shares of iShares MSCI USA Momentum Factor ETF stock opened at $319.01 on Friday. The business’s fifty day moving average price is $289.67 and its two-hundred day moving average price is $264.70. The company has a market capitalization of $23.29 billion, a P/E ratio of 28.67 and a beta of 1.02. iShares MSCI USA Momentum Factor ETF has a 1-year low of $229.42 and a 1-year high of $331.49.

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