iShares MSCI USA Momentum Factor ETF $MTUM Position Increased by Firethorn Wealth Partners LLC

Firethorn Wealth Partners LLC raised its holdings in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 4.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,644 shares of the company’s stock after purchasing an additional 167 shares during the period. Firethorn Wealth Partners LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $876,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Cullen Frost Bankers Inc. bought a new stake in iShares MSCI USA Momentum Factor ETF during the first quarter valued at $26,000. Compass Wealth Management LLC bought a new stake in iShares MSCI USA Momentum Factor ETF during the first quarter valued at $30,000. Cornerstone Planning Group LLC increased its stake in iShares MSCI USA Momentum Factor ETF by 140.3% during the first quarter. Cornerstone Planning Group LLC now owns 149 shares of the company’s stock valued at $30,000 after purchasing an additional 87 shares during the last quarter. Halbert Hargrove Global Advisors LLC bought a new stake in iShares MSCI USA Momentum Factor ETF during the first quarter valued at $33,000. Finally, Harbor Investment Advisory LLC increased its stake in iShares MSCI USA Momentum Factor ETF by 262.2% during the second quarter. Harbor Investment Advisory LLC now owns 163 shares of the company’s stock valued at $39,000 after purchasing an additional 118 shares during the last quarter.

iShares MSCI USA Momentum Factor ETF Price Performance

MTUM stock opened at $254.15 on Friday. iShares MSCI USA Momentum Factor ETF has a 1-year low of $168.49 and a 1-year high of $240.99. The firm has a fifty day moving average price of $247.84 and a two-hundred day moving average price of $229.67. The firm has a market cap of $18.55 billion, a price-to-earnings ratio of 28.67 and a beta of 1.02.

iShares MSCI USA Momentum Factor ETF Company 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.