iShares MSCI USA Momentum Factor ETF $MTUM Stock Bought by Provenance Wealth Advisors LLC

Provenance Wealth Advisors LLC boosted its position in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 15,473.8% in the third quarter, HoldingsChannel reports. The fund owned 6,541 shares of the company’s stock after purchasing an additional 6,499 shares during the quarter. Provenance Wealth Advisors LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $2,076,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. YANKCOM Partnership acquired a new position in shares of iShares MSCI USA Momentum Factor ETF during the third quarter worth $31,000. Fairway Wealth LLC purchased a new stake in shares of iShares MSCI USA Momentum Factor ETF during the 2nd quarter valued at $36,000. Morling Financial Advisors LLC purchased a new stake in shares of iShares MSCI USA Momentum Factor ETF during the 2nd quarter valued at $50,000. Kings Path Partners LLC acquired a new stake in shares of iShares MSCI USA Momentum Factor ETF in the 3rd quarter worth $61,000. Finally, Montgomery Financial Services LLC acquired a new stake in shares of iShares MSCI USA Momentum Factor ETF in the 2nd quarter worth $62,000.

iShares MSCI USA Momentum Factor ETF Price Performance

iShares MSCI USA Momentum Factor ETF stock opened at $278.33 on Wednesday. iShares MSCI USA Momentum Factor ETF has a 1-year low of $229.42 and a 1-year high of $345.59. The business has a fifty day moving average price of $305.40 and a 200-day moving average price of $289.99. The stock has a market capitalization of $20.32 billion, a price-to-earnings ratio of 28.67 and a beta of 1.02.

Shares of iShares MSCI USA Momentum Factor ETF are set to split on the morning of Thursday, November 5th. The 4-1 split was recently announced. The newly minted shares will be distributed to shareholders after the market closes on Wednesday, November 4th.

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.