PUREfi Wealth LLC purchased a new position in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM – Free Report) during the fourth quarter, Holdings Channel.com reports. The fund purchased 1,004 shares of the company’s stock, valued at approximately $208,000.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Quadrant Private Wealth Management LLC bought a new stake in shares of iShares MSCI USA Momentum Factor ETF in the 4th quarter worth approximately $1,374,000. BCU Wealth Advisors LLC bought a new stake in shares of iShares MSCI USA Momentum Factor ETF in the 4th quarter worth approximately $620,000. Blue Trust Inc. raised its holdings in shares of iShares MSCI USA Momentum Factor ETF by 7.2% in the 4th quarter. Blue Trust Inc. now owns 1,225,308 shares of the company’s stock worth $253,541,000 after purchasing an additional 81,918 shares in the last quarter. Vontobel Holding Ltd. bought a new stake in shares of iShares MSCI USA Momentum Factor ETF in the 4th quarter worth approximately $432,000. Finally, ShoreHaven Wealth Partners LLC bought a new stake in shares of iShares MSCI USA Momentum Factor ETF in the 4th quarter worth approximately $2,306,000.
iShares MSCI USA Momentum Factor ETF Price Performance
BATS MTUM opened at $228.40 on Friday. The company’s 50 day simple moving average is $215.19 and its 200 day simple moving average is $206.38. iShares MSCI USA Momentum Factor ETF has a 12 month low of $81.37 and a 12 month high of $113.60. The company has a market capitalization of $12.37 billion, a P/E ratio of 18.53 and a beta of 1.10.
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.
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