Brookstone Capital Management Has $7.95 Million Holdings in iShares MSCI USA Momentum Factor ETF $MTUM

Brookstone Capital Management lessened its stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 6.6% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 33,077 shares of the company’s stock after selling 2,322 shares during the quarter. Brookstone Capital Management’s holdings in iShares MSCI USA Momentum Factor ETF were worth $7,949,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. D.A. Davidson & CO. boosted its holdings in shares of iShares MSCI USA Momentum Factor ETF by 148.4% in the second quarter. D.A. Davidson & CO. now owns 25,600 shares of the company’s stock valued at $6,152,000 after buying an additional 15,293 shares during the period. Advantage Trust Co boosted its holdings in shares of iShares MSCI USA Momentum Factor ETF by 390.0% in the second quarter. Advantage Trust Co now owns 16,161 shares of the company’s stock valued at $3,884,000 after buying an additional 12,863 shares during the period. WESPAC Advisors SoCal LLC bought a new stake in shares of iShares MSCI USA Momentum Factor ETF in the second quarter worth $274,000. Alexis Investment Partners LLC lifted its position in shares of iShares MSCI USA Momentum Factor ETF by 11.2% in the second quarter. Alexis Investment Partners LLC now owns 36,495 shares of the company’s stock worth $8,682,000 after purchasing an additional 3,669 shares in the last quarter. Finally, Crewe Advisors LLC lifted its position in shares of iShares MSCI USA Momentum Factor ETF by 508.4% in the second quarter. Crewe Advisors LLC now owns 505 shares of the company’s stock worth $121,000 after purchasing an additional 422 shares in the last quarter.

iShares MSCI USA Momentum Factor ETF Stock Up 20.0%

Shares of MTUM stock opened at $250.84 on Thursday. The company’s fifty day simple moving average is $250.62 and its 200-day simple moving average is $234.45. The firm has a market cap of $18.31 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 $168.49 and a 12 month high of $240.99.

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.