iShares MSCI USA Momentum Factor ETF (BATS:MTUM) Shares Bought by Western Wealth Management LLC

Western Wealth Management LLC lifted its holdings in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 0.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,011 shares of the company’s stock after buying an additional 81 shares during the quarter. Western Wealth Management LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $2,428,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Duncker Streett & Co. Inc. acquired a new stake in shares of iShares MSCI USA Momentum Factor ETF in the fourth quarter worth approximately $25,000. Mascagni Wealth Management Inc. acquired a new stake in iShares MSCI USA Momentum Factor ETF during the 4th quarter worth $29,000. Murphy & Mullick Capital Management Corp purchased a new stake in shares of iShares MSCI USA Momentum Factor ETF during the fourth quarter worth $30,000. Mainstream Capital Management LLC purchased a new stake in shares of iShares MSCI USA Momentum Factor ETF during the fourth quarter worth $31,000. Finally, Halbert Hargrove Global Advisors LLC acquired a new stake in shares of iShares MSCI USA Momentum Factor ETF in the first quarter valued at about $33,000.

iShares MSCI USA Momentum Factor ETF Trading Up 12.5%

BATS:MTUM opened at $235.21 on Thursday. The company has a market cap of $17.17 billion, a P/E ratio of 28.67 and a beta of 1.02. iShares MSCI USA Momentum Factor ETF has a twelve month low of $168.49 and a twelve month high of $237.77. The company’s 50-day moving average price is $222.64 and its 200-day moving average price is $214.57.

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.