1,842 Shares in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) Acquired by Brown Miller Wealth Management LLC

Brown Miller Wealth Management LLC bought a new stake in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 1,842 shares of the company’s stock, valued at approximately $372,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Vontobel Holding Ltd. purchased a new position in iShares MSCI USA Momentum Factor ETF in the fourth quarter worth about $432,000. GAMMA Investing LLC grew its position in iShares MSCI USA Momentum Factor ETF by 17,512.3% during the first quarter. GAMMA Investing LLC now owns 30,117 shares of the company’s stock valued at $6,088,000 after buying an additional 29,946 shares during the period. Snowden Capital Advisors LLC grew its position in iShares MSCI USA Momentum Factor ETF by 297.6% during the fourth quarter. Snowden Capital Advisors LLC now owns 16,347 shares of the company’s stock valued at $3,383,000 after buying an additional 12,236 shares during the period. Summit X LLC grew its position in iShares MSCI USA Momentum Factor ETF by 1,416.6% during the fourth quarter. Summit X LLC now owns 22,142 shares of the company’s stock valued at $4,582,000 after buying an additional 20,682 shares during the period. Finally, Fullcircle Wealth LLC purchased a new stake in iShares MSCI USA Momentum Factor ETF during the fourth quarter valued at approximately $506,000.

iShares MSCI USA Momentum Factor ETF Price Performance

Shares of iShares MSCI USA Momentum Factor ETF stock opened at $231.63 on Tuesday. The company’s fifty day simple moving average is $217.78 and its 200-day simple moving average is $213.78. iShares MSCI USA Momentum Factor ETF has a 1-year low of $168.49 and a 1-year high of $234.78. The stock has a market capitalization of $16.98 billion, a PE ratio of 28.96 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.