Straight Path Wealth Management Has $24.58 Million Holdings in iShares MSCI USA Momentum Factor ETF $MTUM

Straight Path Wealth Management lowered its position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 5.5% during the second quarter, HoldingsChannel reports. The institutional investor owned 71,699 shares of the company’s stock after selling 4,213 shares during the period. iShares MSCI USA Momentum Factor ETF comprises 5.7% of Straight Path Wealth Management’s investment portfolio, making the stock its 5th biggest position. Straight Path Wealth Management’s holdings in iShares MSCI USA Momentum Factor ETF were worth $24,580,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Beacon Financial Advisory LLC lifted its stake in iShares MSCI USA Momentum Factor ETF by 2.5% in the first quarter. Beacon Financial Advisory LLC now owns 1,504 shares of the company’s stock valued at $361,000 after acquiring an additional 36 shares during the last quarter. Clark Capital Management Group Inc. grew its position in iShares MSCI USA Momentum Factor ETF by 4.3% in the fourth quarter. Clark Capital Management Group Inc. now owns 994 shares of the company’s stock worth $249,000 after acquiring an additional 41 shares in the last quarter. Integrity Financial Corp WA increased its stake in shares of iShares MSCI USA Momentum Factor ETF by 5.4% during the 4th quarter. Integrity Financial Corp WA now owns 843 shares of the company’s stock worth $211,000 after purchasing an additional 43 shares during the last quarter. 1ST Source Bank increased its stake in shares of iShares MSCI USA Momentum Factor ETF by 4.9% during the 1st quarter. 1ST Source Bank now owns 944 shares of the company’s stock worth $227,000 after purchasing an additional 44 shares during the last quarter. Finally, Aegis Wealth Management Inc. raised its holdings in shares of iShares MSCI USA Momentum Factor ETF by 4.4% during the 1st quarter. Aegis Wealth Management Inc. now owns 1,197 shares of the company’s stock valued at $287,000 after purchasing an additional 50 shares in the last quarter.

iShares MSCI USA Momentum Factor ETF Stock Performance

iShares MSCI USA Momentum Factor ETF stock opened at $304.86 on Monday. iShares MSCI USA Momentum Factor ETF has a 1-year low of $229.42 and a 1-year high of $345.59. The firm’s fifty day simple moving average is $309.56 and its 200-day simple moving average is $290.72. The company has a market capitalization of $22.25 billion, a P/E ratio of 28.67 and a beta of 1.02.

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.