Modera Wealth Management LLC Purchases 268 Shares of iShares MSCI USA Momentum Factor ETF $MTUM

Modera Wealth Management LLC boosted its position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 3.8% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,300 shares of the company’s stock after purchasing an additional 268 shares during the period. Modera Wealth Management LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $1,754,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the company. Envestnet Asset Management Inc. grew its holdings in shares of iShares MSCI USA Momentum Factor ETF by 9.5% during the second quarter. Envestnet Asset Management Inc. now owns 12,639,702 shares of the company’s stock worth $3,037,545,000 after purchasing an additional 1,094,104 shares during the last quarter. Mullooly Asset Management Inc. acquired a new stake in iShares MSCI USA Momentum Factor ETF during the 1st quarter worth approximately $2,162,511,000. Raymond James Financial Inc. grew its holdings in iShares MSCI USA Momentum Factor ETF by 5.5% during the 1st quarter. Raymond James Financial Inc. now owns 2,929,874 shares of the company’s stock worth $592,215,000 after acquiring an additional 151,872 shares during the last quarter. LPL Financial LLC grew its holdings in iShares MSCI USA Momentum Factor ETF by 0.3% during the 1st quarter. LPL Financial LLC now owns 1,960,110 shares of the company’s stock worth $396,197,000 after acquiring an additional 5,473 shares during the last quarter. Finally, Assetmark Inc. increased its position in iShares MSCI USA Momentum Factor ETF by 2.4% in the 2nd quarter. Assetmark Inc. now owns 1,855,684 shares of the company’s stock valued at $445,958,000 after acquiring an additional 42,864 shares during the period.

iShares MSCI USA Momentum Factor ETF Stock Performance

MTUM stock opened at $248.19 on Friday. The company has a market capitalization of $18.12 billion, a P/E ratio of 28.67 and a beta of 1.02. The company has a fifty day moving average price of $252.81 and a 200-day moving average price of $240.06. iShares MSCI USA Momentum Factor ETF has a 52-week low of $168.49 and a 52-week high of $240.99.

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.