Western Wealth Management LLC grew its stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM – Free Report) by 26.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 18,263 shares of the company’s stock after acquiring an additional 3,810 shares during the period. Western Wealth Management LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $4,383,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors also recently modified their holdings of the stock. Cary Street Partners Financial LLC bought a new position in iShares MSCI USA Momentum Factor ETF in the 4th quarter valued at $25,000. Triumph Capital Management acquired a new position in shares of iShares MSCI USA Momentum Factor ETF during the third quarter valued at $25,000. Eagle Bay Advisors LLC acquired a new position in shares of iShares MSCI USA Momentum Factor ETF during the fourth quarter valued at $26,000. Financial Network Wealth Advisors LLC boosted its holdings in 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 valued at $26,000 after acquiring an additional 67 shares during the last quarter. Finally, Turtle Creek Wealth Advisors LLC bought a new position in iShares MSCI USA Momentum Factor ETF in the first quarter valued at about $26,000.
iShares MSCI USA Momentum Factor ETF Stock Up 5.5%
Shares of MTUM stock opened at $298.77 on Friday. The firm has a market cap of $21.81 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 $229.42 and a 12 month high of $345.59. The stock has a 50-day moving average price of $317.82 and a 200 day moving average price of $281.40.
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.
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