Copperleaf Capital LLC Boosts Holdings in iShares MSCI USA Momentum Factor ETF $MTUM

Copperleaf Capital LLC lifted its stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 9.8% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,538 shares of the company’s stock after purchasing an additional 494 shares during the period. Copperleaf Capital LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $1,331,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of MTUM. Mullooly Asset Management Inc. purchased a new stake in iShares MSCI USA Momentum Factor ETF in the first quarter worth about $2,162,511,000. Envestnet Asset Management Inc. grew its stake in shares of iShares MSCI USA Momentum Factor ETF by 9.5% during the 2nd quarter. Envestnet Asset Management Inc. now owns 12,639,702 shares of the company’s stock valued at $3,037,545,000 after acquiring an additional 1,094,104 shares during the period. CHURCHILL MANAGEMENT Corp purchased a new stake in iShares MSCI USA Momentum Factor ETF in the 2nd quarter worth approximately $220,286,000. Orgel Wealth Management LLC purchased a new stake in iShares MSCI USA Momentum Factor ETF in the 2nd quarter worth approximately $158,559,000. Finally, Park Avenue Securities LLC bought a new stake in iShares MSCI USA Momentum Factor ETF during the 2nd quarter worth approximately $109,923,000.

iShares MSCI USA Momentum Factor ETF Price Performance

Shares of BATS:MTUM opened at $242.22 on Wednesday. The company has a market capitalization of $17.68 billion, a P/E ratio of 28.67 and a beta of 1.02. iShares MSCI USA Momentum Factor ETF has a 1-year low of $168.49 and a 1-year high of $240.99. The firm’s 50 day simple moving average is $253.20 and its two-hundred day simple moving average is $242.22.

iShares MSCI USA Momentum Factor ETF Company 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.