iShares MSCI USA Momentum Factor ETF $MTUM Shares Purchased by Tcfg Wealth Management LLC

Tcfg Wealth Management LLC grew its holdings in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 7.0% during the 2nd quarter, HoldingsChannel reports. The firm owned 1,533 shares of the company’s stock after buying an additional 100 shares during the period. Tcfg Wealth Management LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $368,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of MTUM. Mullooly Asset Management Inc. acquired a new position in iShares MSCI USA Momentum Factor ETF during the first quarter worth about $2,162,511,000. Raymond James Financial Inc. lifted its stake in iShares MSCI USA Momentum Factor ETF by 5.5% in the 1st quarter. Raymond James Financial Inc. now owns 2,929,874 shares of the company’s stock worth $592,215,000 after purchasing an additional 151,872 shares in the last quarter. LPL Financial LLC grew its position in shares of iShares MSCI USA Momentum Factor ETF by 0.3% in the first quarter. LPL Financial LLC now owns 1,960,110 shares of the company’s stock valued at $396,197,000 after purchasing an additional 5,473 shares in the last quarter. Assetmark Inc. lifted its position in iShares MSCI USA Momentum Factor ETF by 3.5% during the first quarter. Assetmark Inc. now owns 1,812,820 shares of the company’s stock worth $366,425,000 after buying an additional 61,915 shares in the last quarter. Finally, State of Michigan Retirement System grew its holdings in iShares MSCI USA Momentum Factor ETF by 0.3% in the 1st quarter. State of Michigan Retirement System now owns 1,295,090 shares of the company’s stock valued at $261,777,000 after buying an additional 4,200 shares in the last quarter.

iShares MSCI USA Momentum Factor ETF Trading Up 21.7%

iShares MSCI USA Momentum Factor ETF stock opened at $254.28 on Tuesday. The company has a 50-day moving average price of $248.11 and a 200 day moving average price of $230.21. iShares MSCI USA Momentum Factor ETF has a 12-month low of $168.49 and a 12-month high of $240.99. The stock has a market cap of $18.56 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.