SHP Wealth Management Purchases Shares of 5,717 iShares MSCI USA Momentum Factor ETF $MTUM

SHP Wealth Management acquired a new position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 5,717 shares of the company’s stock, valued at approximately $1,431,000.

Several other institutional investors also recently modified their holdings of the company. Mercer Global Advisors Inc. ADV increased its position in shares of iShares MSCI USA Momentum Factor ETF by 3.0% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 7,824,890 shares of the company’s stock valued at $1,958,649,000 after purchasing an additional 229,850 shares during the period. LPL Financial LLC lifted its position in iShares MSCI USA Momentum Factor ETF by 24.7% in the fourth quarter. LPL Financial LLC now owns 3,291,857 shares of the company’s stock worth $823,985,000 after purchasing an additional 652,414 shares during the period. Raymond James Financial Inc. lifted its position in iShares MSCI USA Momentum Factor ETF by 5.0% in the fourth quarter. Raymond James Financial Inc. now owns 3,215,974 shares of the company’s stock worth $804,990,000 after purchasing an additional 152,723 shares during the period. Corient Private Wealth LLC lifted its position in iShares MSCI USA Momentum Factor ETF by 185.9% in the fourth quarter. Corient Private Wealth LLC now owns 2,048,917 shares of the company’s stock worth $512,864,000 after purchasing an additional 1,332,181 shares during the period. Finally, Assetmark Inc. boosted its stake in iShares MSCI USA Momentum Factor ETF by 2.5% during the fourth quarter. Assetmark Inc. now owns 1,502,409 shares of the company’s stock worth $376,068,000 after buying an additional 37,278 shares in the last quarter.

iShares MSCI USA Momentum Factor ETF Price Performance

Shares of iShares MSCI USA Momentum Factor ETF stock opened at $338.52 on Friday. The firm has a market capitalization of $24.71 billion, a PE ratio of 28.67 and a beta of 1.02. The company’s fifty day moving average price is $299.59 and its two-hundred day moving average price is $268.14. iShares MSCI USA Momentum Factor ETF has a 52-week low of $229.42 and a 52-week high of $339.83.

iShares MSCI USA Momentum Factor ETF Company 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.