Independent Financial Group LLC acquired a new stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM – Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 25,596 shares of the company’s stock, valued at approximately $6,143,000.
A number of other institutional investors have also recently bought and sold shares of MTUM. Dagco Inc. acquired a new position in shares of iShares MSCI USA Momentum Factor ETF in the 4th quarter valued at $25,000. Triumph Capital Management bought a new position in shares of iShares MSCI USA Momentum Factor ETF in the 3rd quarter worth $25,000. Cary Street Partners Financial LLC acquired a new stake in shares of iShares MSCI USA Momentum Factor ETF during the fourth quarter worth $25,000. Eagle Bay Advisors LLC acquired a new stake in shares of iShares MSCI USA Momentum Factor ETF during the fourth quarter worth $26,000. Finally, Financial Network Wealth Advisors LLC increased its holdings in iShares MSCI USA Momentum Factor ETF by 176.3% in the fourth quarter. Financial Network Wealth Advisors LLC now owns 105 shares of the company’s stock valued at $26,000 after purchasing an additional 67 shares during the last quarter.
iShares MSCI USA Momentum Factor ETF Trading Down 3.0%
BATS:MTUM opened at $303.41 on Friday. iShares MSCI USA Momentum Factor ETF has a 1-year low of $229.42 and a 1-year high of $345.59. The business’s 50-day moving average price is $317.44 and its two-hundred day moving average price is $277.95. The firm has a market capitalization of $22.15 billion, a price-to-earnings 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. MTUM was launched on Apr 16, 2013 and is managed by BlackRock.
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