iShares MSCI USA Momentum Factor ETF $MTUM Shares Purchased by Kingswood Wealth Advisors LLC

Kingswood Wealth Advisors LLC boosted its position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 46.7% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 28,504 shares of the company’s stock after purchasing an additional 9,077 shares during the quarter. Kingswood Wealth Advisors LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $7,135,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Raymond James Financial Inc. raised its stake in iShares MSCI USA Momentum Factor ETF by 4.1% in the 3rd quarter. Raymond James Financial Inc. now owns 3,063,251 shares of the company’s stock valued at $785,571,000 after purchasing an additional 120,851 shares during the last quarter. Assetmark Inc. grew its holdings in iShares MSCI USA Momentum Factor ETF by 2.5% in the 4th quarter. Assetmark Inc. now owns 1,502,409 shares of the company’s stock valued at $376,068,000 after buying an additional 37,278 shares in the last quarter. Ameriprise Financial Inc. grew its holdings in iShares MSCI USA Momentum Factor ETF by 7.4% in the 3rd quarter. Ameriprise Financial Inc. now owns 1,321,883 shares of the company’s stock valued at $339,023,000 after buying an additional 90,841 shares in the last quarter. Blue Trust Inc. grew its holdings in iShares MSCI USA Momentum Factor ETF by 9.6% in the 4th quarter. Blue Trust Inc. now owns 1,242,390 shares of the company’s stock valued at $310,983,000 after buying an additional 108,825 shares in the last quarter. Finally, Bank of America Corp DE grew its holdings in iShares MSCI USA Momentum Factor ETF by 8.3% in the 3rd quarter. Bank of America Corp DE now owns 1,239,000 shares of the company’s stock valued at $317,742,000 after buying an additional 94,881 shares in the last quarter.

iShares MSCI USA Momentum Factor ETF Stock Down 0.7%

Shares of BATS:MTUM opened at $271.59 on Wednesday. The business has a fifty day moving average of $251.74 and a two-hundred day moving average of $252.17. The stock has a market cap of $19.83 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 $192.30 and a 52-week high of $275.23.

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