Opes Wealth Management LLC Boosts Holdings in iShares MSCI USA Momentum Factor ETF $MTUM

Opes Wealth Management LLC lifted its stake in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 3.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 44,081 shares of the company’s stock after acquiring an additional 1,442 shares during the period. iShares MSCI USA Momentum Factor ETF accounts for about 1.9% of Opes Wealth Management LLC’s investment portfolio, making the stock its 14th largest position. Opes Wealth Management LLC owned 0.06% of iShares MSCI USA Momentum Factor ETF worth $10,594,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of the stock. Avion Wealth purchased a new position in iShares MSCI USA Momentum Factor ETF during the second quarter worth approximately $129,000. Insight Advisors LLC PA purchased a new position in shares of iShares MSCI USA Momentum Factor ETF in the 2nd quarter worth $211,000. Strategic Blueprint LLC boosted its holdings in iShares MSCI USA Momentum Factor ETF by 1.6% in the second quarter. Strategic Blueprint LLC now owns 25,284 shares of the company’s stock valued at $6,076,000 after acquiring an additional 401 shares during the last quarter. Principle Wealth Partners LLC purchased a new stake in iShares MSCI USA Momentum Factor ETF during the second quarter valued at about $281,000. Finally, Freedom Investment Management Inc. grew its position in iShares MSCI USA Momentum Factor ETF by 18.2% during the second quarter. Freedom Investment Management Inc. now owns 3,791 shares of the company’s stock valued at $911,000 after acquiring an additional 583 shares during the period.

iShares MSCI USA Momentum Factor ETF Price Performance

iShares MSCI USA Momentum Factor ETF stock opened at $253.00 on Friday. The company has a market cap of $18.47 billion, a price-to-earnings ratio of 28.67 and a beta of 1.02. iShares MSCI USA Momentum Factor ETF has a 12 month low of $168.49 and a 12 month high of $240.99. The stock’s 50-day moving average is $250.75 and its 200-day moving average is $234.94.

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.