Pinnacle Wealth Management Advisory Group LLC Purchases 96 Shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

Pinnacle Wealth Management Advisory Group LLC boosted its position in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 5.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,724 shares of the company’s stock after acquiring an additional 96 shares during the quarter. Pinnacle Wealth Management Advisory Group LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $357,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Fortitude Family Office LLC lifted its holdings in shares of iShares MSCI USA Momentum Factor ETF by 1,255.6% in the 3rd quarter. Fortitude Family Office LLC now owns 122 shares of the company’s stock valued at $25,000 after acquiring an additional 113 shares during the last quarter. Signaturefd LLC raised its position in iShares MSCI USA Momentum Factor ETF by 1,550.0% in the 3rd quarter. Signaturefd LLC now owns 165 shares of the company’s stock worth $33,000 after purchasing an additional 155 shares during the period. Thurston Springer Miller Herd & Titak Inc. lifted its stake in iShares MSCI USA Momentum Factor ETF by 1,880.0% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 198 shares of the company’s stock worth $41,000 after purchasing an additional 188 shares during the last quarter. Capital Performance Advisors LLP purchased a new position in shares of iShares MSCI USA Momentum Factor ETF during the third quarter valued at approximately $43,000. Finally, AdvisorNet Financial Inc grew its stake in shares of iShares MSCI USA Momentum Factor ETF by 51.4% during the fourth quarter. AdvisorNet Financial Inc now owns 218 shares of the company’s stock valued at $45,000 after buying an additional 74 shares during the last quarter.

iShares MSCI USA Momentum Factor ETF Stock Performance

Shares of MTUM stock opened at $228.40 on Monday. The firm has a market capitalization of $12.37 billion, a P/E ratio of 18.53 and a beta of 1.10. iShares MSCI USA Momentum Factor ETF has a 52-week low of $81.37 and a 52-week high of $113.60. The stock has a 50 day moving average price of $215.19 and a 200 day moving average price of $206.49.

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.