Trueblood Wealth Management LLC acquired a new position in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM – Free Report) in the 3rd quarter, HoldingsChannel reports. The institutional investor acquired 1,886 shares of the company’s stock, valued at approximately $382,000.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Wealthcare Advisory Partners LLC raised its stake in iShares MSCI USA Momentum Factor ETF by 52.3% in the first quarter. Wealthcare Advisory Partners LLC now owns 2,545 shares of the company’s stock valued at $477,000 after buying an additional 874 shares in the last quarter. First Bank & Trust acquired a new stake in shares of iShares MSCI USA Momentum Factor ETF during the 1st quarter worth about $473,000. Founders Financial Securities LLC purchased a new stake in iShares MSCI USA Momentum Factor ETF during the first quarter worth approximately $3,835,000. Physician Wealth Advisors Inc. boosted its holdings in iShares MSCI USA Momentum Factor ETF by 0.8% in the first quarter. Physician Wealth Advisors Inc. now owns 7,927 shares of the company’s stock valued at $1,440,000 after purchasing an additional 60 shares in the last quarter. Finally, Chapin Davis Inc. purchased a new position in iShares MSCI USA Momentum Factor ETF in the first quarter valued at approximately $1,162,000.
iShares MSCI USA Momentum Factor ETF Trading Down 0.6 %
MTUM stock opened at $205.74 on Friday. The stock has a market cap of $11.14 billion, a P/E ratio of 18.53 and a beta of 1.10. iShares MSCI USA Momentum Factor ETF has a twelve month low of $81.37 and a twelve month high of $113.60. The company’s 50 day moving average is $200.16 and its two-hundred day moving average is $192.55.
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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