Flagship Private Wealth LLC Acquires New Holdings in iShares MSCI USA Momentum Factor ETF $MTUM

Flagship Private Wealth LLC bought a new position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 3,670 shares of the company’s stock, valued at approximately $941,000.

Several other hedge funds have also modified their holdings of MTUM. TFC Financial Management Inc. purchased a new position in shares of iShares MSCI USA Momentum Factor ETF in the 3rd quarter worth approximately $28,000. WFA of San Diego LLC acquired a new stake in iShares MSCI USA Momentum Factor ETF in the second quarter valued at approximately $46,000. GAMMA Investing LLC grew its holdings in iShares MSCI USA Momentum Factor ETF by 45.0% in the second quarter. GAMMA Investing LLC now owns 216 shares of the company’s stock worth $52,000 after purchasing an additional 67 shares during the last quarter. Hilltop National Bank acquired a new position in shares of iShares MSCI USA Momentum Factor ETF during the second quarter worth $55,000. Finally, MassMutual Private Wealth & Trust FSB increased its position in shares of iShares MSCI USA Momentum Factor ETF by 397.8% during the third quarter. MassMutual Private Wealth & Trust FSB now owns 224 shares of the company’s stock worth $57,000 after purchasing an additional 179 shares in the last quarter.

iShares MSCI USA Momentum Factor ETF Price Performance

iShares MSCI USA Momentum Factor ETF stock opened at $257.00 on Tuesday. iShares MSCI USA Momentum Factor ETF has a 1-year low of $168.49 and a 1-year high of $240.99. The business has a fifty day moving average price of $251.69 and a 200-day moving average price of $249.52. The stock has a market capitalization of $18.76 billion, a price-to-earnings ratio of 28.67 and a beta of 1.02.

About iShares MSCI USA Momentum Factor ETF

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.