Sound Income Strategies LLC Boosts Stake in iShares MSCI USA Momentum Factor ETF $MTUM

Sound Income Strategies LLC raised its holdings in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 1.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,972 shares of the company’s stock after buying an additional 108 shares during the quarter. Sound Income Strategies LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $2,156,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in MTUM. Mullooly Asset Management Inc. purchased a new position in iShares MSCI USA Momentum Factor ETF during the first quarter worth about $2,162,511,000. Orgel Wealth Management LLC purchased a new position in iShares MSCI USA Momentum Factor ETF during the second quarter worth about $158,559,000. Park Avenue Securities LLC purchased a new position in iShares MSCI USA Momentum Factor ETF during the second quarter worth about $109,923,000. BNP Paribas Financial Markets grew its position in iShares MSCI USA Momentum Factor ETF by 102.6% during the first quarter. BNP Paribas Financial Markets now owns 642,494 shares of the company’s stock worth $129,867,000 after buying an additional 325,369 shares in the last quarter. Finally, Liberty Wealth Management LLC grew its position in iShares MSCI USA Momentum Factor ETF by 1,227.8% during the first quarter. Liberty Wealth Management LLC now owns 337,221 shares of the company’s stock worth $68,162,000 after buying an additional 311,824 shares in the last quarter.

iShares MSCI USA Momentum Factor ETF Trading Up 21.8%

MTUM opened at $254.65 on Monday. The stock has a 50-day moving average price of $246.25 and a 200-day moving average price of $227.98. iShares MSCI USA Momentum Factor ETF has a 12-month low of $168.49 and a 12-month high of $240.99. The stock has a market capitalization of $18.59 billion, a P/E ratio of 28.67 and a beta of 1.02.

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.