Icon Wealth Advisors LLC boosted its position in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM – Free Report) by 54.3% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 76,724 shares of the company’s stock after purchasing an additional 26,998 shares during the period. iShares MSCI USA Momentum Factor ETF comprises about 1.3% of Icon Wealth Advisors LLC’s investment portfolio, making the stock its 20th biggest position. Icon Wealth Advisors LLC owned 0.11% of iShares MSCI USA Momentum Factor ETF worth $19,205,000 at the end of the most recent reporting period.
Other institutional investors have also recently added to or reduced their stakes in the company. Braun Bostich & Associates Inc. lifted its holdings in iShares MSCI USA Momentum Factor ETF by 63.4% during the 4th quarter. Braun Bostich & Associates Inc. now owns 11,497 shares of the company’s stock valued at $2,878,000 after purchasing an additional 4,463 shares during the last quarter. BCGM Wealth Management LLC lifted its holdings in iShares MSCI USA Momentum Factor ETF by 45.0% during the 4th quarter. BCGM Wealth Management LLC now owns 25,663 shares of the company’s stock valued at $6,424,000 after purchasing an additional 7,960 shares during the last quarter. Cypress Wealth Services LLC lifted its holdings in iShares MSCI USA Momentum Factor ETF by 63.6% during the 4th quarter. Cypress Wealth Services LLC now owns 14,772 shares of the company’s stock valued at $3,698,000 after purchasing an additional 5,740 shares during the last quarter. Flagship Capital Management Inc. bought a new position in iShares MSCI USA Momentum Factor ETF during the 4th quarter valued at about $1,779,000. Finally, Assetmark Inc. lifted its holdings in iShares MSCI USA Momentum Factor ETF by 2.5% during the 4th quarter. Assetmark Inc. now owns 1,502,409 shares of the company’s stock valued at $376,068,000 after purchasing an additional 37,278 shares during the last quarter.
iShares MSCI USA Momentum Factor ETF Stock Up 1.7%
Shares of MTUM stock opened at $324.40 on Friday. iShares MSCI USA Momentum Factor ETF has a 12-month low of $229.42 and a 12-month high of $331.49. The company has a market capitalization of $23.68 billion, a P/E ratio of 28.67 and a beta of 1.02. The firm has a 50-day moving average price of $291.25 and a 200 day moving average price of $265.12.
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.
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