181,536 iShares MSCI USA Momentum Factor ETF $MTUM Shares Purchased by Orgel Wealth Management LLC

Orgel Wealth Management LLC lifted its position in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 27.0% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 854,260 shares of the company’s stock after purchasing an additional 181,536 shares during the period. iShares MSCI USA Momentum Factor ETF accounts for approximately 5.1% of Orgel Wealth Management LLC’s portfolio, making the stock its 7th largest position. Orgel Wealth Management LLC owned 1.17% of iShares MSCI USA Momentum Factor ETF worth $271,091,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. Corient Private Wealth LLC raised its position in iShares MSCI USA Momentum Factor ETF by 185.9% during the 4th quarter. Corient Private Wealth LLC now owns 2,048,917 shares of the company’s stock valued at $512,864,000 after purchasing an additional 1,332,181 shares during the last quarter. State of Michigan Retirement System lifted its holdings in iShares MSCI USA Momentum Factor ETF by 4.1% in the 1st quarter. State of Michigan Retirement System now owns 1,340,090 shares of the company’s stock worth $321,608,000 after buying an additional 52,800 shares during the period. Blue Trust Inc. grew its position in shares of iShares MSCI USA Momentum Factor ETF by 2.6% in the 1st quarter. Blue Trust Inc. now owns 1,274,963 shares of the company’s stock worth $305,978,000 after buying an additional 32,573 shares during the last quarter. Cetera Investment Advisers grew its position in shares of iShares MSCI USA Momentum Factor ETF by 0.7% in the 1st quarter. Cetera Investment Advisers now owns 611,551 shares of the company’s stock worth $146,766,000 after buying an additional 4,261 shares during the last quarter. Finally, Janney Montgomery Scott LLC increased its stake in shares of iShares MSCI USA Momentum Factor ETF by 5.0% during the first quarter. Janney Montgomery Scott LLC now owns 601,408 shares of the company’s stock valued at $144,332,000 after buying an additional 28,887 shares during the period.

iShares MSCI USA Momentum Factor ETF Stock Performance

MTUM opened at $304.88 on Thursday. The stock has a market capitalization of $22.26 billion, a PE ratio of 28.67 and a beta of 1.02. The stock’s 50 day moving average price is $310.18 and its 200-day moving average price is $303.48. iShares MSCI USA Momentum Factor ETF has a 52-week low of $229.42 and a 52-week high of $345.59.

iShares MSCI USA Momentum Factor ETF’s stock is set to split on Thursday, November 5th. The 4-1 split was recently announced. The newly minted shares will be payable to shareholders after the market closes on Wednesday, November 4th.

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.