WMS Group LLC purchased a new stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM – Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 11,663 shares of the company’s stock, valued at approximately $2,917,000. iShares MSCI USA Momentum Factor ETF makes up about 3.7% of WMS Group LLC’s investment portfolio, making the stock its 12th largest holding.
Several other institutional investors have also recently made changes to their positions in MTUM. Braun Bostich & Associates Inc. raised its position in shares of iShares MSCI USA Momentum Factor ETF by 63.4% during the fourth quarter. Braun Bostich & Associates Inc. now owns 11,497 shares of the company’s stock worth $2,878,000 after purchasing an additional 4,463 shares during the period. BCGM Wealth Management LLC boosted its stake 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 boosted its position in shares of iShares MSCI USA Momentum Factor ETF by 63.6% during the fourth quarter. Cypress Wealth Services LLC now owns 14,772 shares of the company’s stock valued at $3,698,000 after buying an additional 5,740 shares during the last quarter. Flagship Capital Management Inc. bought a new stake in iShares MSCI USA Momentum Factor ETF during the fourth quarter worth $1,779,000. Finally, Assetmark Inc. lifted its stake 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 acquiring an additional 37,278 shares in the last quarter.
iShares MSCI USA Momentum Factor ETF Price Performance
BATS MTUM opened at $338.52 on Friday. The company has a fifty day moving average price of $299.59 and a 200-day moving average price of $268.14. iShares MSCI USA Momentum Factor ETF has a 1 year low of $229.42 and a 1 year high of $339.83. The firm has a market cap of $24.71 billion, a price-to-earnings ratio of 28.67 and a beta of 1.02.
iShares MSCI USA Momentum Factor ETF Company 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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