Joel Adams & Associates Inc. Has $664,000 Position in iShares MSCI USA Momentum Factor ETF $MTUM

Joel Adams & Associates Inc. lessened its holdings in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 2.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,764 shares of the company’s stock after selling 82 shares during the period. iShares MSCI USA Momentum Factor ETF comprises approximately 0.6% of Joel Adams & Associates Inc.’s portfolio, making the stock its 27th biggest position. Joel Adams & Associates Inc.’s holdings in iShares MSCI USA Momentum Factor ETF were worth $664,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of MTUM. Bison Wealth LLC boosted its position in iShares MSCI USA Momentum Factor ETF by 4.4% during the 4th quarter. Bison Wealth LLC now owns 3,148 shares of the company’s stock worth $651,000 after acquiring an additional 133 shares during the period. SG Americas Securities LLC purchased a new stake in shares of iShares MSCI USA Momentum Factor ETF in the first quarter worth approximately $1,213,000. CX Institutional acquired a new stake in shares of iShares MSCI USA Momentum Factor ETF during the first quarter worth approximately $43,000. Fifth Third Bancorp grew its position in iShares MSCI USA Momentum Factor ETF by 13.0% during the first quarter. Fifth Third Bancorp now owns 3,931 shares of the company’s stock valued at $795,000 after purchasing an additional 453 shares in the last quarter. Finally, Everpar Advisors LLC increased its stake in iShares MSCI USA Momentum Factor ETF by 33.5% in the 1st quarter. Everpar Advisors LLC now owns 1,356 shares of the company’s stock valued at $274,000 after buying an additional 340 shares during the period.

iShares MSCI USA Momentum Factor ETF Stock Up 19.7%

MTUM stock opened at $250.07 on Monday. The company has a 50 day moving average of $249.19 and a two-hundred day moving average of $231.50. The company has a market cap of $18.26 billion, a price-to-earnings ratio of 28.67 and a beta of 1.02. iShares MSCI USA Momentum Factor ETF has a 12-month low of $168.49 and a 12-month high of $240.99.

About iShares MSCI USA Momentum Factor ETF

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.