Teamwork Financial Advisors LLC Boosts Stock Position in iShares MSCI USA Momentum Factor ETF $MTUM

Teamwork Financial Advisors LLC boosted its holdings in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 2.6% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,709 shares of the company’s stock after acquiring an additional 44 shares during the quarter. Teamwork Financial Advisors LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $411,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of MTUM. Mullooly Asset Management Inc. purchased a new position in iShares MSCI USA Momentum Factor ETF during the 1st quarter valued at $2,162,511,000. BNP Paribas Financial Markets boosted its holdings in iShares MSCI USA Momentum Factor ETF by 102.6% during the 1st quarter. BNP Paribas Financial Markets now owns 642,494 shares of the company’s stock valued at $129,867,000 after acquiring an additional 325,369 shares during the period. Liberty Wealth Management LLC boosted its holdings in iShares MSCI USA Momentum Factor ETF by 1,227.8% during the 1st quarter. Liberty Wealth Management LLC now owns 337,221 shares of the company’s stock valued at $68,162,000 after acquiring an additional 311,824 shares during the period. Ameriprise Financial Inc. boosted its holdings in iShares MSCI USA Momentum Factor ETF by 21.7% during the 1st quarter. Ameriprise Financial Inc. now owns 1,062,702 shares of the company’s stock valued at $214,804,000 after acquiring an additional 189,281 shares during the period. Finally, Citigroup Inc. boosted its holdings in iShares MSCI USA Momentum Factor ETF by 25.0% during the 1st quarter. Citigroup Inc. now owns 901,342 shares of the company’s stock valued at $182,188,000 after acquiring an additional 179,994 shares during the period.

iShares MSCI USA Momentum Factor ETF Stock Up 21.3%

MTUM opened at $253.51 on Friday. The business has a fifty day moving average of $242.83 and a 200 day moving average of $224.74. iShares MSCI USA Momentum Factor ETF has a 52-week low of $168.49 and a 52-week high of $240.99. The stock has a market cap of $18.51 billion, a P/E ratio of 28.67 and a beta of 1.02.

iShares MSCI USA Momentum Factor ETF 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.