iShares MSCI USA Momentum Factor ETF $MTUM Stock: Provenance Wealth Advisors LLC Grows Stake

Provenance Wealth Advisors LLC boosted its holdings in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 15,473.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,541 shares of the company’s stock after buying an additional 6,499 shares during the quarter. Provenance Wealth Advisors LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $2,076,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of MTUM. Integrity Advisory Solutions LLC boosted its position in iShares MSCI USA Momentum Factor ETF by 14.1% during the 3rd quarter. Integrity Advisory Solutions LLC now owns 2,902 shares of the company’s stock valued at $921,000 after acquiring an additional 359 shares in the last quarter. IPG Investment Advisors LLC increased its holdings in shares of iShares MSCI USA Momentum Factor ETF by 32.9% in the 3rd quarter. IPG Investment Advisors LLC now owns 808 shares of the company’s stock valued at $256,000 after acquiring an additional 200 shares during the period. Mullooly Asset Management Inc. increased its holdings in shares of iShares MSCI USA Momentum Factor ETF by 0.8% in the 3rd quarter. Mullooly Asset Management Inc. now owns 135,217 shares of the company’s stock valued at $42,912,000 after acquiring an additional 1,130 shares during the period. Next Level Wealth Planning LLC purchased a new position in shares of iShares MSCI USA Momentum Factor ETF in the 3rd quarter valued at $129,000. Finally, Signature Equity Partners LLC raised its position in shares of iShares MSCI USA Momentum Factor ETF by 505.2% in the 3rd quarter. Signature Equity Partners LLC now owns 1,737 shares of the company’s stock worth $551,000 after acquiring an additional 1,450 shares in the last quarter.

iShares MSCI USA Momentum Factor ETF Trading Up 1.2%

MTUM opened at $278.33 on Wednesday. The firm has a market cap of $20.32 billion, a price-to-earnings ratio of 28.67 and a beta of 1.02. iShares MSCI USA Momentum Factor ETF has a 12 month low of $229.42 and a 12 month high of $345.59. The stock has a fifty day moving average price of $305.40 and a 200-day moving average price of $289.99.

iShares MSCI USA Momentum Factor ETF’s stock is set to split on the morning of Thursday, November 5th. The 4-1 split was recently announced. The newly created shares will be payable to shareholders after the market closes on Wednesday, November 4th.

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.