Sherman Wealth Management LLC Takes $900,000 Position in iShares MSCI USA Momentum Factor ETF $MTUM

Sherman Wealth Management LLC purchased a new stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 3,594 shares of the company’s stock, valued at approximately $900,000.

Other large investors have also recently bought and sold shares of the company. Successful Portfolios LLC lifted its holdings in iShares MSCI USA Momentum Factor ETF by 2.9% in the third quarter. Successful Portfolios LLC now owns 1,412 shares of the company’s stock valued at $362,000 after acquiring an additional 40 shares during the period. Centurion Wealth Management LLC grew its stake in shares of iShares MSCI USA Momentum Factor ETF by 0.7% during the 3rd quarter. Centurion Wealth Management LLC now owns 5,764 shares of the company’s stock worth $1,478,000 after purchasing an additional 42 shares during the period. Silverlake Wealth Management LLC increased its holdings in shares of iShares MSCI USA Momentum Factor ETF by 1.1% in the 2nd quarter. Silverlake Wealth Management LLC now owns 3,917 shares of the company’s stock valued at $941,000 after purchasing an additional 43 shares in the last quarter. Armstrong Advisory Group Inc. increased its holdings in shares of iShares MSCI USA Momentum Factor ETF by 1.1% in the 3rd quarter. Armstrong Advisory Group Inc. now owns 3,961 shares of the company’s stock valued at $1,016,000 after purchasing an additional 43 shares in the last quarter. Finally, LifeSteps Financial Inc. lifted its stake in shares of iShares MSCI USA Momentum Factor ETF by 2.3% in the third quarter. LifeSteps Financial Inc. now owns 1,920 shares of the company’s stock valued at $492,000 after purchasing an additional 44 shares during the period.

iShares MSCI USA Momentum Factor ETF Stock Performance

MTUM stock opened at $235.76 on Monday. The company has a market cap of $17.21 billion, a P/E ratio of 28.67 and a beta of 1.02. iShares MSCI USA Momentum Factor ETF has a 52 week low of $171.51 and a 52 week high of $262.10. The company’s 50-day moving average price is $250.90 and its 200 day moving average price is $251.82.

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. MTUM was launched on Apr 16, 2013 and is managed by BlackRock.