Archvest Wealth Advisors Inc. Raises Holdings in iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

Archvest Wealth Advisors Inc. lifted its holdings in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 15.2% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 15,925 shares of the company’s stock after buying an additional 2,101 shares during the period. iShares MSCI USA Momentum Factor ETF comprises 2.7% of Archvest Wealth Advisors Inc.’s investment portfolio, making the stock its 13th biggest holding. Archvest Wealth Advisors Inc.’s holdings in iShares MSCI USA Momentum Factor ETF were worth $3,219,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of MTUM. NCM Capital Management LLC increased its stake in iShares MSCI USA Momentum Factor ETF by 4.4% in the 4th quarter. NCM Capital Management LLC now owns 1,044 shares of the company’s stock valued at $216,000 after purchasing an additional 44 shares in the last quarter. Mosaic Family Wealth Partners LLC increased its stake in iShares MSCI USA Momentum Factor ETF by 1.7% in the 4th quarter. Mosaic Family Wealth Partners LLC now owns 2,736 shares of the company’s stock valued at $566,000 after purchasing an additional 45 shares in the last quarter. Trust Co. of Vermont increased its stake in iShares MSCI USA Momentum Factor ETF by 13.9% in the 1st quarter. Trust Co. of Vermont now owns 411 shares of the company’s stock valued at $83,000 after purchasing an additional 50 shares in the last quarter. Flagstar Advisors Inc. increased its stake in iShares MSCI USA Momentum Factor ETF by 1.5% in the 1st quarter. Flagstar Advisors Inc. now owns 3,526 shares of the company’s stock valued at $713,000 after purchasing an additional 51 shares in the last quarter. Finally, CENTRAL TRUST Co increased its stake in iShares MSCI USA Momentum Factor ETF by 10.4% in the 1st quarter. CENTRAL TRUST Co now owns 572 shares of the company’s stock valued at $116,000 after purchasing an additional 54 shares in the last quarter.

iShares MSCI USA Momentum Factor ETF Price Performance

BATS MTUM opened at $238.17 on Thursday. iShares MSCI USA Momentum Factor ETF has a 1-year low of $168.49 and a 1-year high of $240.75. The company has a market capitalization of $17.39 billion, a P/E ratio of 28.67 and a beta of 1.02. The business has a 50 day moving average price of $232.23 and a 200 day moving average price of $217.30.

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.