ORG Wealth Partners LLC Raises Stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

ORG Wealth Partners LLC lifted its position in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 11.5% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,099 shares of the company’s stock after buying an additional 217 shares during the quarter. ORG Wealth Partners LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $427,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Duncker Streett & Co. Inc. acquired a new stake in shares of iShares MSCI USA Momentum Factor ETF in the fourth quarter worth approximately $25,000. Mascagni Wealth Management Inc. acquired a new stake in shares of iShares MSCI USA Momentum Factor ETF in the fourth quarter worth approximately $29,000. Murphy & Mullick Capital Management Corp acquired a new stake in shares of iShares MSCI USA Momentum Factor ETF in the fourth quarter worth approximately $30,000. Mainstream Capital Management LLC acquired a new stake in shares of iShares MSCI USA Momentum Factor ETF in the fourth quarter worth approximately $31,000. Finally, Halbert Hargrove Global Advisors LLC acquired a new stake in shares of iShares MSCI USA Momentum Factor ETF in the first quarter worth approximately $33,000.

iShares MSCI USA Momentum Factor ETF Stock Performance

MTUM opened at $230.14 on Thursday. The company’s 50 day simple moving average is $218.97 and its 200 day simple moving average is $213.98. 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 $16.87 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.