Straight Path Wealth Management Has $18.07 Million Stake in iShares MSCI USA Momentum Factor ETF $MTUM

Straight Path Wealth Management increased its holdings in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 3.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 72,195 shares of the company’s stock after buying an additional 2,422 shares during the period. iShares MSCI USA Momentum Factor ETF accounts for 4.9% of Straight Path Wealth Management’s investment portfolio, making the stock its 5th biggest position. Straight Path Wealth Management owned approximately 0.10% of iShares MSCI USA Momentum Factor ETF worth $18,071,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Caliber Wealth Management LLC KS boosted its holdings in iShares MSCI USA Momentum Factor ETF by 0.4% in the 4th quarter. Caliber Wealth Management LLC KS now owns 9,680 shares of the company’s stock worth $2,423,000 after buying an additional 39 shares during the period. Traction Financial Partners LLC boosted its holdings in iShares MSCI USA Momentum Factor ETF by 3.4% in the 4th quarter. Traction Financial Partners LLC now owns 1,206 shares of the company’s stock worth $302,000 after buying an additional 40 shares during the period. Lunt Capital Management Inc. boosted its holdings in iShares MSCI USA Momentum Factor ETF by 3.0% in the 4th quarter. Lunt Capital Management Inc. now owns 1,500 shares of the company’s stock worth $375,000 after buying an additional 43 shares during the period. Venturi Wealth Management LLC boosted its holdings in iShares MSCI USA Momentum Factor ETF by 1.2% in the 4th quarter. Venturi Wealth Management LLC now owns 3,942 shares of the company’s stock worth $987,000 after buying an additional 45 shares during the period. Finally, Mutual Advisors LLC boosted its position in shares of iShares MSCI USA Momentum Factor ETF by 0.8% in the fourth quarter. Mutual Advisors LLC now owns 5,728 shares of the company’s stock valued at $1,434,000 after acquiring an additional 45 shares during the period.

iShares MSCI USA Momentum Factor ETF Trading Down 1.1%

MTUM stock opened at $325.87 on Friday. The firm has a 50 day moving average of $282.37 and a 200-day moving average of $262.22. iShares MSCI USA Momentum Factor ETF has a 12 month low of $229.29 and a 12 month high of $331.49. The firm has a market capitalization of $23.79 billion, a P/E ratio of 28.67 and a beta of 1.02.

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.