iShares MSCI USA Momentum Factor ETF $MTUM Shares Bought by Firethorn Wealth Partners LLC

Firethorn Wealth Partners LLC grew its position in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 4.8% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 3,644 shares of the company’s stock after purchasing an additional 167 shares during the quarter. Firethorn Wealth Partners LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $876,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Mullooly Asset Management Inc. acquired a new position in shares of iShares MSCI USA Momentum Factor ETF during the first quarter valued at $2,162,511,000. Raymond James Financial Inc. lifted its holdings in iShares MSCI USA Momentum Factor ETF by 5.5% in the first quarter. Raymond James Financial Inc. now owns 2,929,874 shares of the company’s stock worth $592,215,000 after purchasing an additional 151,872 shares during the period. LPL Financial LLC lifted its holdings in iShares MSCI USA Momentum Factor ETF by 0.3% in the first quarter. LPL Financial LLC now owns 1,960,110 shares of the company’s stock worth $396,197,000 after purchasing an additional 5,473 shares during the period. Assetmark Inc. lifted its holdings in iShares MSCI USA Momentum Factor ETF by 3.5% in the first quarter. Assetmark Inc. now owns 1,812,820 shares of the company’s stock worth $366,425,000 after purchasing an additional 61,915 shares during the period. Finally, State of Michigan Retirement System lifted its holdings in iShares MSCI USA Momentum Factor ETF by 0.3% in the first quarter. State of Michigan Retirement System now owns 1,295,090 shares of the company’s stock worth $261,777,000 after purchasing an additional 4,200 shares during the period.

iShares MSCI USA Momentum Factor ETF Stock Up 21.6%

MTUM stock opened at $254.15 on Friday. The company has a market capitalization of $18.55 billion, a P/E ratio of 28.67 and a beta of 1.02. The company has a 50-day simple moving average of $247.84 and a 200 day simple moving average of $229.67. iShares MSCI USA Momentum Factor ETF has a fifty-two week low of $168.49 and a fifty-two week high of $240.99.

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.