WMS Group LLC Invests $2.92 Million in iShares MSCI USA Momentum Factor ETF $MTUM

WMS Group LLC acquired a new position in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 11,663 shares of the company’s stock, valued at approximately $2,917,000. iShares MSCI USA Momentum Factor ETF comprises approximately 3.7% of WMS Group LLC’s holdings, making the stock its 12th largest holding.

Several other hedge funds have also added to or reduced their stakes in MTUM. Sankala Group LLC purchased a new stake in shares of iShares MSCI USA Momentum Factor ETF during the 4th quarter worth approximately $181,000. 46 Peaks LLC bought a new stake in shares of iShares MSCI USA Momentum Factor ETF in the 4th quarter worth approximately $527,000. TD Capital Management LLC lifted its stake in iShares MSCI USA Momentum Factor ETF by 54.4% in the fourth quarter. TD Capital Management LLC now owns 732 shares of the company’s stock valued at $183,000 after purchasing an additional 258 shares during the last quarter. Tempo Wealth LLC purchased a new position in iShares MSCI USA Momentum Factor ETF in the fourth quarter valued at approximately $2,580,000. Finally, KW Wealth Management LLC bought a new position in iShares MSCI USA Momentum Factor ETF during the fourth quarter valued at $222,000.

iShares MSCI USA Momentum Factor ETF Price Performance

BATS:MTUM opened at $338.52 on Friday. The business has a fifty day simple moving average of $299.59 and a two-hundred day simple moving average of $268.14. iShares MSCI USA Momentum Factor ETF has a 1 year low of $229.42 and a 1 year high of $339.83. The company has a market capitalization of $24.71 billion, a P/E 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.