Axxcess Wealth Management LLC Acquires 1,262 Shares of iShares MSCI USA Momentum Factor ETF $MTUM

Axxcess Wealth Management LLC boosted its holdings in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 44.3% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 4,112 shares of the company’s stock after buying an additional 1,262 shares during the quarter. Axxcess Wealth Management LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $988,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp grew its position in iShares MSCI USA Momentum Factor ETF by 5.8% during the first quarter. Bank of New York Mellon Corp now owns 215,086 shares of the company’s stock valued at $43,475,000 after buying an additional 11,729 shares during the period. Dynamic Advisor Solutions LLC lifted its holdings in iShares MSCI USA Momentum Factor ETF by 15.7% during the first quarter. Dynamic Advisor Solutions LLC now owns 1,888 shares of the company’s stock valued at $382,000 after purchasing an additional 256 shares in the last quarter. Johnson Investment Counsel Inc. lifted its holdings in iShares MSCI USA Momentum Factor ETF by 3.9% during the first quarter. Johnson Investment Counsel Inc. now owns 1,801 shares of the company’s stock valued at $364,000 after purchasing an additional 67 shares in the last quarter. Symmetry Partners LLC lifted its holdings in iShares MSCI USA Momentum Factor ETF by 7.7% during the second quarter. Symmetry Partners LLC now owns 220,864 shares of the company’s stock valued at $53,078,000 after purchasing an additional 15,774 shares in the last quarter. Finally, Fortune Financial Advisors LLC lifted its holdings in iShares MSCI USA Momentum Factor ETF by 46.2% during the second quarter. Fortune Financial Advisors LLC now owns 2,029 shares of the company’s stock valued at $488,000 after purchasing an additional 641 shares in the last quarter.

iShares MSCI USA Momentum Factor ETF Price Performance

Shares of BATS:MTUM opened at $252.78 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 company has a market capitalization of $18.45 billion, a P/E ratio of 28.67 and a beta of 1.02. The firm’s 50 day simple moving average is $250.10 and its two-hundred day simple moving average is $232.68.

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.