Venturi Wealth Management LLC lifted its position in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM – Free Report) by 51.3% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 5,964 shares of the company’s stock after acquiring an additional 2,022 shares during the quarter. Venturi Wealth Management LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $1,431,000 at the end of the most recent quarter.
Several other large investors also recently added to or reduced their stakes in MTUM. Triumph Capital Management bought a new stake in iShares MSCI USA Momentum Factor ETF in the 3rd quarter valued at about $25,000. Cary Street Partners Financial LLC bought a new position in iShares MSCI USA Momentum Factor ETF during the fourth quarter worth about $25,000. Dagco Inc. bought a new position in iShares MSCI USA Momentum Factor ETF during the fourth quarter worth about $25,000. Eagle Bay Advisors LLC purchased a new position in shares of iShares MSCI USA Momentum Factor ETF in the fourth quarter worth about $26,000. Finally, Financial Network Wealth Advisors LLC increased its stake in shares of iShares MSCI USA Momentum Factor ETF by 176.3% in the fourth quarter. Financial Network Wealth Advisors LLC now owns 105 shares of the company’s stock worth $26,000 after purchasing an additional 67 shares in the last quarter.
iShares MSCI USA Momentum Factor ETF Stock Down 4.0%
BATS MTUM opened at $325.74 on Friday. The firm has a market cap of $23.78 billion, a P/E ratio of 28.67 and a beta of 1.02. The company’s 50 day moving average is $306.31 and its 200-day moving average is $271.07. iShares MSCI USA Momentum Factor ETF has a 12-month low of $229.42 and a 12-month high of $345.59.
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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