Independent Wealth Network Inc. Acquires New Stake in iShares MSCI USA Momentum Factor ETF $MTUM

Independent Wealth Network Inc. acquired a new position in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) in the first quarter, according to the company in its most recent filing with the SEC. The firm acquired 2,133 shares of the company’s stock, valued at approximately $512,000.

Several other institutional investors have also recently added to or reduced their stakes in MTUM. Bison Wealth LLC boosted its stake in shares of iShares MSCI USA Momentum Factor ETF by 4.4% during the 4th quarter. Bison Wealth LLC now owns 3,148 shares of the company’s stock worth $651,000 after purchasing an additional 133 shares during the last quarter. Empowered Funds LLC acquired a new position in shares of iShares MSCI USA Momentum Factor ETF in the first quarter valued at approximately $2,488,000. Russell Investments Group Ltd. raised its position in shares of iShares MSCI USA Momentum Factor ETF by 15.1% in the second quarter. Russell Investments Group Ltd. now owns 973 shares of the company’s stock valued at $234,000 after buying an additional 128 shares during the last quarter. First Trust Advisors LP purchased a new position in shares of iShares MSCI USA Momentum Factor ETF during the second quarter valued at approximately $350,000. Finally, Qube Research & Technologies Ltd lifted its stake in shares of iShares MSCI USA Momentum Factor ETF by 543.9% during the second quarter. Qube Research & Technologies Ltd now owns 127,461 shares of the company’s stock valued at $30,631,000 after buying an additional 107,665 shares during the period.

iShares MSCI USA Momentum Factor ETF Stock Performance

Shares of BATS MTUM opened at $325.74 on Friday. iShares MSCI USA Momentum Factor ETF has a 1 year low of $229.42 and a 1 year high of $345.59. The firm’s 50 day moving average price is $306.31 and its 200 day moving average price is $271.07. The firm has a market cap of $23.78 billion, a P/E 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.