Stonebrook Private Inc. Makes New $257,000 Investment in iShares MSCI USA Momentum Factor ETF $MTUM

Stonebrook Private Inc. purchased a new stake in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) during the 2nd quarter, Holdings Channel reports. The institutional investor purchased 1,070 shares of the company’s stock, valued at approximately $257,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in MTUM. Allworth Financial LP grew its stake in iShares MSCI USA Momentum Factor ETF by 88.4% in the second quarter. Allworth Financial LP now owns 18,613 shares of the company’s stock worth $4,473,000 after purchasing an additional 8,731 shares in the last quarter. Symmetry Partners LLC grew its stake in iShares MSCI USA Momentum Factor ETF by 7.7% in the 2nd quarter. Symmetry Partners LLC now owns 220,864 shares of the company’s stock valued at $53,078,000 after acquiring an additional 15,774 shares during the period. Bank of New York Mellon Corp lifted its holdings in iShares MSCI USA Momentum Factor ETF by 1.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 219,172 shares of the company’s stock valued at $52,671,000 after purchasing an additional 4,086 shares in the last quarter. AE Wealth Management LLC lifted its holdings in iShares MSCI USA Momentum Factor ETF by 3.2% in the second quarter. AE Wealth Management LLC now owns 95,876 shares of the company’s stock valued at $23,041,000 after acquiring an additional 3,008 shares during the last quarter. Finally, Fortune Financial Advisors LLC boosted its position in shares of 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 worth $488,000 after buying an additional 641 shares during the period.

iShares MSCI USA Momentum Factor ETF Price Performance

Shares of MTUM opened at $242.97 on Thursday. iShares MSCI USA Momentum Factor ETF has a 1-year low of $168.49 and a 1-year high of $240.99. The stock has a market cap of $17.74 billion, a PE ratio of 28.67 and a beta of 1.02. The firm has a fifty day moving average price of $252.98 and a 200 day moving average price of $242.23.

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.