Modern Wealth Management LLC bought a new stake in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM – Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 7,052 shares of the company’s stock, valued at approximately $1,601,000.
A number of other hedge funds have also recently bought and sold shares of MTUM. Duncker Streett & Co. Inc. bought a new position in shares of iShares MSCI USA Momentum Factor ETF in the fourth quarter valued at $25,000. Mainstream Capital Management LLC acquired a new position in shares of iShares MSCI USA Momentum Factor ETF in the 4th quarter worth $31,000. Thurston Springer Miller Herd & Titak Inc. raised its position in shares of iShares MSCI USA Momentum Factor ETF by 1,880.0% during 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 period. AdvisorNet Financial Inc lifted its holdings 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 purchasing an additional 74 shares during the last quarter. Finally, Realta Investment Advisors acquired a new position in shares of iShares MSCI USA Momentum Factor ETF in the 4th quarter valued at $49,000.
iShares MSCI USA Momentum Factor ETF Trading Up 0.9 %
BATS MTUM opened at $210.93 on Wednesday. iShares MSCI USA Momentum Factor ETF has a 1 year low of $168.49 and a 1 year high of $229.77. The company has a market cap of $14.50 billion, a PE ratio of 27.42 and a beta of 0.99. The stock’s 50-day moving average price is $215.49 and its two-hundred day moving average price is $210.39.
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.
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