1,827 Shares of iShares MSCI USA Momentum Factor ETF $MTUM Bought by Williams & Novak Wealth Management LLC

Williams & Novak Wealth Management LLC bought a new stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 1,827 shares of the company’s stock, valued at approximately $580,000.

Other large investors have also recently bought and sold shares of the company. Nan Shan Life Insurance Co. Ltd. bought a new position in iShares MSCI USA Momentum Factor ETF during the 2nd quarter valued at $18,576,000. Sequoia Financial Advisors LLC increased its position in shares of iShares MSCI USA Momentum Factor ETF by 6.7% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 103,852 shares of the company’s stock valued at $35,604,000 after purchasing an additional 6,557 shares during the period. Shah Wealth Advisors LLC bought a new stake in shares of iShares MSCI USA Momentum Factor ETF in the 2nd quarter worth $16,707,000. First Heartland Consultants Inc. raised its stake in shares of iShares MSCI USA Momentum Factor ETF by 149.9% in the 3rd quarter. First Heartland Consultants Inc. now owns 42,697 shares of the company’s stock worth $13,550,000 after buying an additional 25,614 shares in the last quarter. Finally, Legacy Wealth Managment LLC ID lifted its holdings in shares of iShares MSCI USA Momentum Factor ETF by 772.6% in the second quarter. Legacy Wealth Managment LLC ID now owns 4,293 shares of the company’s stock valued at $1,472,000 after buying an additional 3,801 shares during the period.

iShares MSCI USA Momentum Factor ETF Stock Up 0.8%

Shares of MTUM stock opened at $320.00 on Friday. The stock has a 50-day simple moving average of $310.02 and a 200 day simple moving average of $301.66. iShares MSCI USA Momentum Factor ETF has a fifty-two week low of $229.42 and a fifty-two week high of $345.59. The stock has a market capitalization of $23.36 billion, a P/E ratio of 28.67 and a beta of 1.02.

Shares of iShares MSCI USA Momentum Factor ETF are going to split on the morning of Thursday, November 5th. The 4-1 split was recently announced. The newly minted shares will be issued to shareholders after the closing bell on Wednesday, November 4th.

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.