Moulton Wealth Management Inc. Takes $1.60 Million Position in iShares MSCI USA Momentum Factor ETF $MTUM

Moulton Wealth Management Inc. purchased a new stake in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 4,873 shares of the company’s stock, valued at approximately $1,603,000. iShares MSCI USA Momentum Factor ETF makes up approximately 1.1% of Moulton Wealth Management Inc.’s portfolio, making the stock its 21st largest holding.

Several other large investors have also recently added to or reduced their stakes in the company. Assetmark Inc. boosted its holdings in shares of iShares MSCI USA Momentum Factor ETF by 2.5% in the 4th quarter. Assetmark Inc. now owns 1,502,409 shares of the company’s stock valued at $376,068,000 after buying an additional 37,278 shares during the period. Flagship Capital Management Inc. acquired a new stake in iShares MSCI USA Momentum Factor ETF during the fourth quarter worth about $1,779,000. Beacon Bridge Wealth Partners LLC raised its stake in iShares MSCI USA Momentum Factor ETF by 78.3% during the fourth quarter. Beacon Bridge Wealth Partners LLC now owns 22,617 shares of the company’s stock worth $5,661,000 after acquiring an additional 9,932 shares during the period. Washburn Capital Management Inc. lifted its holdings in iShares MSCI USA Momentum Factor ETF by 68.4% in the fourth quarter. Washburn Capital Management Inc. now owns 16,125 shares of the company’s stock worth $4,036,000 after acquiring an additional 6,550 shares during the last quarter. Finally, Flagship Harbor Advisors LLC lifted its holdings in iShares MSCI USA Momentum Factor ETF by 31.7% in the fourth quarter. Flagship Harbor Advisors LLC now owns 9,229 shares of the company’s stock worth $2,310,000 after acquiring an additional 2,224 shares during the last quarter.

iShares MSCI USA Momentum Factor ETF Stock Up 3.8%

Shares of MTUM stock opened at $313.35 on Wednesday. The business has a 50 day moving average of $317.69 and a two-hundred day moving average of $282.39. iShares MSCI USA Momentum Factor ETF has a 52 week low of $229.42 and a 52 week high of $345.59. The company has a market cap of $22.87 billion, a P/E ratio of 28.67 and a beta of 1.02.

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. MTUM was launched on Apr 16, 2013 and is managed by BlackRock.