iShares MSCI USA Momentum Factor ETF $MTUM Shares Purchased by Life Line Wealth Management LLC

Life Line Wealth Management LLC lifted its position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 1.2% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 10,707 shares of the company’s stock after acquiring an additional 130 shares during the quarter. iShares MSCI USA Momentum Factor ETF comprises about 0.8% of Life Line Wealth Management LLC’s portfolio, making the stock its 10th biggest holding. Life Line Wealth Management LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $2,573,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the company. Mullooly Asset Management Inc. acquired a new position in shares of iShares MSCI USA Momentum Factor ETF in the 1st quarter valued at $2,162,511,000. Raymond James Financial Inc. raised its position in iShares MSCI USA Momentum Factor ETF by 5.5% during the first quarter. Raymond James Financial Inc. now owns 2,929,874 shares of the company’s stock worth $592,215,000 after acquiring an additional 151,872 shares during the period. LPL Financial LLC raised its position in iShares MSCI USA Momentum Factor ETF by 0.3% during the first quarter. LPL Financial LLC now owns 1,960,110 shares of the company’s stock worth $396,197,000 after acquiring an additional 5,473 shares during the period. Assetmark Inc. raised its position in iShares MSCI USA Momentum Factor ETF by 3.5% during the first quarter. Assetmark Inc. now owns 1,812,820 shares of the company’s stock worth $366,425,000 after acquiring an additional 61,915 shares during the period. Finally, State of Michigan Retirement System raised its position in iShares MSCI USA Momentum Factor ETF by 0.3% during the first quarter. State of Michigan Retirement System now owns 1,295,090 shares of the company’s stock worth $261,777,000 after acquiring an additional 4,200 shares during the period.

iShares MSCI USA Momentum Factor ETF Stock Performance

BATS:MTUM opened at $253.51 on Friday. The company has a fifty day moving average of $242.83 and a two-hundred day moving average of $224.74. The stock has a market capitalization of $18.51 billion, a PE ratio of 28.67 and a beta of 1.02. iShares MSCI USA Momentum Factor ETF has a fifty-two week low of $168.49 and a fifty-two week high of $240.99.

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.