ShoreHaven Wealth Partners LLC Buys 9,276 Shares of iShares MSCI USA Momentum Factor ETF $MTUM

ShoreHaven Wealth Partners LLC increased its stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 69.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 22,539 shares of the company’s stock after buying an additional 9,276 shares during the quarter. iShares MSCI USA Momentum Factor ETF comprises approximately 2.0% of ShoreHaven Wealth Partners LLC’s holdings, making the stock its 15th largest holding. ShoreHaven Wealth Partners LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $5,642,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of MTUM. Focus Partners Wealth lifted its position in iShares MSCI USA Momentum Factor ETF by 2,939.7% in the third quarter. Focus Partners Wealth now owns 927,145 shares of the company’s stock worth $237,766,000 after buying an additional 896,644 shares during the last quarter. Envestnet Portfolio Solutions Inc. increased its stake in iShares MSCI USA Momentum Factor ETF by 55.3% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 721,042 shares of the company’s stock worth $180,484,000 after purchasing an additional 256,639 shares during the period. CWM LLC increased its stake in iShares MSCI USA Momentum Factor ETF by 25.3% in the fourth quarter. CWM LLC now owns 1,141,425 shares of the company’s stock worth $285,710,000 after purchasing an additional 230,310 shares during the period. Park Avenue Securities LLC increased its stake in iShares MSCI USA Momentum Factor ETF by 35.7% in the fourth quarter. Park Avenue Securities LLC now owns 711,023 shares of the company’s stock worth $177,976,000 after purchasing an additional 187,155 shares during the period. Finally, Symmetry Partners LLC increased its stake in iShares MSCI USA Momentum Factor ETF by 71.8% in the fourth quarter. Symmetry Partners LLC now owns 416,566 shares of the company’s stock worth $104,271,000 after purchasing an additional 174,074 shares during the period.

iShares MSCI USA Momentum Factor ETF Stock Up 1.1%

MTUM stock opened at $329.50 on Thursday. The business’s fifty day simple moving average is $280.76 and its two-hundred day simple moving average is $261.65. iShares MSCI USA Momentum Factor ETF has a twelve month low of $229.29 and a twelve month high of $331.49. The firm has a market cap of $24.05 billion, a price-to-earnings 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. MTUM was launched on Apr 16, 2013 and is managed by BlackRock.