Factor Wealth Management LTD Takes Position in iShares MSCI USA Momentum Factor ETF $MTUM

Factor Wealth Management LTD acquired a new stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 1,748 shares of the company’s stock, valued at approximately $599,000.

A number of other large investors have also recently bought and sold shares of the business. Triumph Capital Management acquired a new position in iShares MSCI USA Momentum Factor ETF during the third quarter worth $25,000. Cary Street Partners Financial LLC acquired a new stake in shares of iShares MSCI USA Momentum Factor ETF in the fourth quarter worth about $25,000. Eagle Bay Advisors LLC bought a new stake in shares of iShares MSCI USA Momentum Factor ETF during the 4th quarter worth about $26,000. Financial Network Wealth Advisors LLC boosted its stake in shares of iShares MSCI USA Momentum Factor ETF by 176.3% during the 4th quarter. Financial Network Wealth Advisors LLC now owns 105 shares of the company’s stock worth $26,000 after acquiring an additional 67 shares in the last quarter. Finally, Turtle Creek Wealth Advisors LLC acquired a new position in shares of iShares MSCI USA Momentum Factor ETF during the 1st quarter valued at about $26,000.

iShares MSCI USA Momentum Factor ETF Stock Performance

Shares of MTUM stock opened at $308.17 on Friday. The stock’s 50 day simple moving average is $317.49 and its 200 day simple moving average is $283.12. iShares MSCI USA Momentum Factor ETF has a twelve month low of $229.42 and a twelve month high of $345.59. The company has a market capitalization of $22.50 billion, a price-to-earnings ratio of 28.67 and a beta of 1.02.

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.