Twin Peaks Wealth Advisors LLC Makes New $1.28 Million Investment in iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

Twin Peaks Wealth Advisors LLC purchased a new stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 6,181 shares of the company’s stock, valued at approximately $1,279,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in MTUM. Signaturefd LLC increased its stake in iShares MSCI USA Momentum Factor ETF by 1,550.0% during the third quarter. Signaturefd LLC now owns 165 shares of the company’s stock worth $33,000 after acquiring an additional 155 shares during the last quarter. Dakota Wealth Management grew its holdings in shares of iShares MSCI USA Momentum Factor ETF by 19.5% during the 3rd quarter. Dakota Wealth Management now owns 3,343 shares of the company’s stock worth $678,000 after purchasing an additional 546 shares during the period. Arkadios Wealth Advisors increased its position in shares of iShares MSCI USA Momentum Factor ETF by 16.7% during the 3rd quarter. Arkadios Wealth Advisors now owns 2,203 shares of the company’s stock worth $447,000 after purchasing an additional 316 shares during the last quarter. Fortitude Family Office LLC increased its position in shares of iShares MSCI USA Momentum Factor ETF by 1,255.6% during the 3rd quarter. Fortitude Family Office LLC now owns 122 shares of the company’s stock worth $25,000 after purchasing an additional 113 shares during the last quarter. Finally, Strategic Blueprint LLC raised its holdings in iShares MSCI USA Momentum Factor ETF by 13.1% in the 3rd quarter. Strategic Blueprint LLC now owns 3,751 shares of the company’s stock valued at $761,000 after buying an additional 433 shares during the period.

iShares MSCI USA Momentum Factor ETF Price Performance

Shares of MTUM stock opened at $217.53 on Tuesday. iShares MSCI USA Momentum Factor ETF has a 1-year low of $81.37 and a 1-year high of $113.60. The firm has a market cap of $15.61 billion, a PE ratio of 28.87 and a beta of 0.98. The company has a 50-day moving average of $216.56 and a two-hundred day moving average of $208.15.

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.