Factor Wealth Management LTD Makes New Investment in iShares MSCI USA Momentum Factor ETF $MTUM

Factor Wealth Management LTD bought a new stake in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 1,748 shares of the company’s stock, valued at approximately $599,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Triumph Capital Management acquired a new position in shares of iShares MSCI USA Momentum Factor ETF in the third quarter worth $25,000. Cary Street Partners Financial LLC acquired a new stake in iShares MSCI USA Momentum Factor ETF during the fourth quarter valued at $25,000. Eagle Bay Advisors LLC acquired a new stake in iShares MSCI USA Momentum Factor ETF during the fourth quarter valued at $26,000. Financial Network Wealth Advisors LLC grew its stake 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 in the last quarter. Finally, Turtle Creek Wealth Advisors LLC purchased a new position in iShares MSCI USA Momentum Factor ETF in the first quarter valued at about $26,000.

iShares MSCI USA Momentum Factor ETF Price Performance

Shares of MTUM stock opened at $308.17 on Friday. The firm has a market cap of $22.50 billion, a P/E ratio of 28.67 and a beta of 1.02. iShares MSCI USA Momentum Factor ETF has a fifty-two week low of $229.42 and a fifty-two week high of $345.59. The stock’s 50-day moving average is $317.49 and its two-hundred day moving average is $283.12.

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.