Sowell Financial Services LLC Purchases 552 Shares of iShares MSCI USA Momentum Factor ETF $MTUM

Sowell Financial Services LLC boosted its position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 6.1% in the second quarter, HoldingsChannel.com reports. The firm owned 9,533 shares of the company’s stock after acquiring an additional 552 shares during the period. Sowell Financial Services LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $2,291,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in MTUM. Mullooly Asset Management Inc. bought a new position in iShares MSCI USA Momentum Factor ETF in the first quarter worth about $2,162,511,000. Orgel Wealth Management LLC bought a new position in iShares MSCI USA Momentum Factor ETF in the second quarter worth about $158,559,000. BNP Paribas Financial Markets increased its holdings in shares of iShares MSCI USA Momentum Factor ETF by 102.6% during the first quarter. BNP Paribas Financial Markets now owns 642,494 shares of the company’s stock valued at $129,867,000 after acquiring an additional 325,369 shares in the last quarter. Liberty Wealth Management LLC increased its holdings in shares of iShares MSCI USA Momentum Factor ETF by 1,227.8% during the first quarter. Liberty Wealth Management LLC now owns 337,221 shares of the company’s stock valued at $68,162,000 after acquiring an additional 311,824 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its holdings in shares of iShares MSCI USA Momentum Factor ETF by 21.7% during the first quarter. Ameriprise Financial Inc. now owns 1,062,702 shares of the company’s stock valued at $214,804,000 after acquiring an additional 189,281 shares in the last quarter.

iShares MSCI USA Momentum Factor ETF Stock Up 22.9%

MTUM opened at $256.94 on Monday. iShares MSCI USA Momentum Factor ETF has a 52-week low of $168.49 and a 52-week high of $240.99. The company has a market cap of $18.76 billion, a P/E ratio of 28.67 and a beta of 1.02. The firm’s 50-day moving average price is $244.55 and its 200-day moving average price is $226.15.

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.