WealthPlan Investment Management LLC Acquires Shares of 6,946 iShares MSCI USA Momentum Factor ETF $MTUM

WealthPlan Investment Management LLC acquired a new stake in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 6,946 shares of the company’s stock, valued at approximately $1,669,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Cullen Frost Bankers Inc. purchased a new stake in iShares MSCI USA Momentum Factor ETF during the first quarter valued at approximately $26,000. Compass Wealth Management LLC purchased a new stake in iShares MSCI USA Momentum Factor ETF during the first quarter valued at approximately $30,000. Cornerstone Planning Group LLC raised its position 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 period. Harbor Investment Advisory LLC raised its position 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 period. Finally, GAMMA Investing LLC raised its holdings in shares of iShares MSCI USA Momentum Factor ETF by 45.0% in the second quarter. GAMMA Investing LLC now owns 216 shares of the company’s stock worth $52,000 after buying an additional 67 shares during the period.

iShares MSCI USA Momentum Factor ETF Stock Performance

Shares of BATS MTUM opened at $252.78 on Friday. The business’s 50 day moving average price is $250.10 and its 200-day moving average price is $232.68. iShares MSCI USA Momentum Factor ETF has a fifty-two week low of $168.49 and a fifty-two week high of $240.99. The company has a market cap of $18.45 billion, a price-to-earnings ratio of 28.67 and a beta of 1.02.

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.