Icon Wealth Advisors LLC Buys 26,998 Shares of iShares MSCI USA Momentum Factor ETF $MTUM

Icon Wealth Advisors LLC grew its stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 54.3% in the fourth quarter, HoldingsChannel reports. The fund owned 76,724 shares of the company’s stock after acquiring an additional 26,998 shares during the period. iShares MSCI USA Momentum Factor ETF accounts for 1.3% of Icon Wealth Advisors LLC’s holdings, making the stock its 20th largest position. Icon Wealth Advisors LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $19,205,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Braun Bostich & Associates Inc. raised its stake in shares of iShares MSCI USA Momentum Factor ETF by 63.4% in the fourth quarter. Braun Bostich & Associates Inc. now owns 11,497 shares of the company’s stock worth $2,878,000 after acquiring an additional 4,463 shares during the last quarter. BCGM Wealth Management LLC raised its stake in shares of iShares MSCI USA Momentum Factor ETF by 45.0% in the fourth quarter. BCGM Wealth Management LLC now owns 25,663 shares of the company’s stock worth $6,424,000 after acquiring an additional 7,960 shares during the last quarter. Cypress Wealth Services LLC raised its stake in shares of iShares MSCI USA Momentum Factor ETF by 63.6% in the fourth quarter. Cypress Wealth Services LLC now owns 14,772 shares of the company’s stock worth $3,698,000 after acquiring an additional 5,740 shares during the last quarter. Flagship Capital Management Inc. bought a new position in shares of iShares MSCI USA Momentum Factor ETF in the fourth quarter worth about $1,779,000. Finally, Assetmark Inc. raised its stake in shares of iShares MSCI USA Momentum Factor ETF by 2.5% in the fourth quarter. Assetmark Inc. now owns 1,502,409 shares of the company’s stock worth $376,068,000 after acquiring an additional 37,278 shares during the last quarter.

iShares MSCI USA Momentum Factor ETF Trading Up 1.7%

Shares of BATS MTUM opened at $324.40 on Friday. iShares MSCI USA Momentum Factor ETF has a 1-year low of $229.42 and a 1-year high of $331.49. The company has a market cap of $23.68 billion, a PE ratio of 28.67 and a beta of 1.02. The company has a 50-day moving average of $291.25 and a two-hundred day moving average of $265.12.

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.