SHP Wealth Management acquired a new stake in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM – Free Report) during the fourth quarter, Holdings Channel reports. The firm acquired 5,717 shares of the company’s stock, valued at approximately $1,431,000.
Several other large investors also recently modified their holdings of MTUM. Dagco Inc. acquired a new position in shares of iShares MSCI USA Momentum Factor ETF in the 4th quarter worth approximately $25,000. Triumph Capital Management bought a new position in shares of iShares MSCI USA Momentum Factor ETF during the 3rd quarter worth approximately $25,000. Cary Street Partners Financial LLC acquired a new stake in iShares MSCI USA Momentum Factor ETF in the 4th quarter valued at $25,000. Eagle Bay Advisors LLC acquired a new stake in iShares MSCI USA Momentum Factor ETF in the 4th quarter valued at $26,000. Finally, Financial Network Wealth Advisors LLC grew its position in iShares MSCI USA Momentum Factor ETF by 176.3% in the fourth quarter. Financial Network Wealth Advisors LLC now owns 105 shares of the company’s stock valued at $26,000 after acquiring an additional 67 shares during the period.
iShares MSCI USA Momentum Factor ETF Stock Performance
Shares of BATS:MTUM opened at $338.52 on Friday. The company’s fifty day moving average is $299.59 and its 200-day moving average is $268.14. iShares MSCI USA Momentum Factor ETF has a 52 week low of $229.42 and a 52 week high of $339.83. The company has a market capitalization of $24.71 billion, a PE ratio of 28.67 and a beta of 1.02.
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. MTUM was launched on Apr 16, 2013 and is managed by BlackRock.
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