Archvest Wealth Advisors Inc. Boosts Stock Holdings in iShares MSCI USA Momentum Factor ETF $MTUM

Archvest Wealth Advisors Inc. grew its position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 19.8% during the fourth quarter, HoldingsChannel reports. The firm owned 21,349 shares of the company’s stock after buying an additional 3,525 shares during the period. iShares MSCI USA Momentum Factor ETF comprises approximately 1.5% of Archvest Wealth Advisors Inc.’s portfolio, making the stock its 10th largest holding. Archvest Wealth Advisors Inc.’s holdings in iShares MSCI USA Momentum Factor ETF were worth $5,344,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Caliber Wealth Management LLC KS boosted its stake in shares of iShares MSCI USA Momentum Factor ETF by 0.4% in the 4th quarter. Caliber Wealth Management LLC KS now owns 9,680 shares of the company’s stock valued at $2,423,000 after purchasing an additional 39 shares during the last quarter. Traction Financial Partners LLC boosted its stake in shares of iShares MSCI USA Momentum Factor ETF by 3.4% in the 4th quarter. Traction Financial Partners LLC now owns 1,206 shares of the company’s stock valued at $302,000 after purchasing an additional 40 shares during the last quarter. Lunt Capital Management Inc. boosted its stake in shares of iShares MSCI USA Momentum Factor ETF by 3.0% in the 4th quarter. Lunt Capital Management Inc. now owns 1,500 shares of the company’s stock valued at $375,000 after purchasing an additional 43 shares during the last quarter. Venturi Wealth Management LLC boosted its stake in shares of iShares MSCI USA Momentum Factor ETF by 1.2% in the 4th quarter. Venturi Wealth Management LLC now owns 3,942 shares of the company’s stock valued at $987,000 after purchasing an additional 45 shares during the last quarter. Finally, Mutual Advisors LLC boosted its stake in shares of iShares MSCI USA Momentum Factor ETF by 0.8% in the 4th quarter. Mutual Advisors LLC now owns 5,728 shares of the company’s stock valued at $1,434,000 after purchasing an additional 45 shares during the last quarter.

iShares MSCI USA Momentum Factor ETF Stock Up 1.1%

Shares of BATS MTUM opened at $329.50 on Thursday. The firm has a market cap of $24.05 billion, a PE ratio of 28.67 and a beta of 1.02. iShares MSCI USA Momentum Factor ETF has a 12-month low of $229.29 and a 12-month high of $331.49. The company’s fifty day simple moving average is $280.76 and its 200 day simple moving average is $261.65.

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.