Mascoma Wealth Management LLC Boosts Stake in iShares MSCI USA Momentum Factor ETF $MTUM

Mascoma Wealth Management LLC raised its position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 8.5% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 25,805 shares of the company’s stock after buying an additional 2,026 shares during the period. iShares MSCI USA Momentum Factor ETF accounts for 1.4% of Mascoma Wealth Management LLC’s investment portfolio, making the stock its 17th biggest holding. Mascoma Wealth Management LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $6,201,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Cullen Frost Bankers Inc. purchased a new stake in iShares MSCI USA Momentum Factor ETF in the 1st quarter valued at about $26,000. Compass Wealth Management LLC purchased a new stake in iShares MSCI USA Momentum Factor ETF in the 1st quarter valued at about $30,000. Cornerstone Planning Group LLC increased its stake in iShares MSCI USA Momentum Factor ETF by 140.3% in the 1st quarter. Cornerstone Planning Group LLC now owns 149 shares of the company’s stock valued at $30,000 after buying an additional 87 shares during the last quarter. Halbert Hargrove Global Advisors LLC purchased a new stake in iShares MSCI USA Momentum Factor ETF in the 1st quarter valued at about $33,000. Finally, Harbor Investment Advisory LLC increased its stake in iShares MSCI USA Momentum Factor ETF by 262.2% in the 2nd quarter. Harbor Investment Advisory LLC now owns 163 shares of the company’s stock valued at $39,000 after buying an additional 118 shares during the last quarter.

iShares MSCI USA Momentum Factor ETF Stock Performance

BATS:MTUM opened at $254.15 on Friday. The firm has a market cap of $18.55 billion, a price-to-earnings ratio of 28.67 and a beta of 1.02. iShares MSCI USA Momentum Factor ETF has a 52 week low of $168.49 and a 52 week high of $240.99. The firm has a 50-day moving average price of $247.84 and a two-hundred day moving average price of $229.67.

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.