Independent Solutions Wealth Management LLC Acquires 497 Shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

Independent Solutions Wealth Management LLC increased its holdings in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 8.1% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,654 shares of the company’s stock after acquiring an additional 497 shares during the quarter. Independent Solutions Wealth Management LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $1,345,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in the stock. Wealthspire Advisors LLC bought a new position in iShares MSCI USA Momentum Factor ETF in the 4th quarter worth $371,000. IFP Advisors Inc increased its position in shares of iShares MSCI USA Momentum Factor ETF by 25.5% during the fourth quarter. IFP Advisors Inc now owns 13,365 shares of the company’s stock valued at $2,766,000 after buying an additional 2,714 shares during the period. Bank of New York Mellon Corp raised its stake in iShares MSCI USA Momentum Factor ETF by 3.0% in the fourth quarter. Bank of New York Mellon Corp now owns 203,357 shares of the company’s stock worth $42,079,000 after buying an additional 5,963 shares in the last quarter. Commonwealth Retirement Investments LLC purchased a new stake in iShares MSCI USA Momentum Factor ETF in the fourth quarter worth about $594,000. Finally, Twin Peaks Wealth Advisors LLC purchased a new stake in iShares MSCI USA Momentum Factor ETF in the fourth quarter worth about $1,279,000.

iShares MSCI USA Momentum Factor ETF Stock Performance

iShares MSCI USA Momentum Factor ETF stock opened at $236.96 on Wednesday. iShares MSCI USA Momentum Factor ETF has a fifty-two week low of $168.49 and a fifty-two week high of $237.38. The stock has a market cap of $17.30 billion, a price-to-earnings ratio of 28.67 and a beta of 1.02. The stock’s 50 day simple moving average is $221.88 and its two-hundred day simple moving average is $214.45.

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.