West Financial Advisors LLC Invests $1.09 Million in iShares MSCI USA Momentum Factor ETF $MTUM

West Financial Advisors LLC acquired a new stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 3,191 shares of the company’s stock, valued at approximately $1,094,000.

Several other large investors also recently modified their holdings of MTUM. Bison Wealth LLC lifted its holdings in iShares MSCI USA Momentum Factor ETF by 4.4% in the fourth quarter. Bison Wealth LLC now owns 3,148 shares of the company’s stock valued at $651,000 after buying an additional 133 shares during the period. Empowered Funds LLC bought a new position in shares of iShares MSCI USA Momentum Factor ETF in the 1st quarter worth about $2,488,000. Russell Investments Group Ltd. raised its position in shares of iShares MSCI USA Momentum Factor ETF by 15.1% in the 2nd quarter. Russell Investments Group Ltd. now owns 973 shares of the company’s stock worth $234,000 after acquiring an additional 128 shares in the last quarter. First Trust Advisors LP acquired a new position in shares of iShares MSCI USA Momentum Factor ETF in the 2nd quarter valued at about $350,000. Finally, Qube Research & Technologies Ltd lifted its stake in shares of iShares MSCI USA Momentum Factor ETF by 543.9% in the 2nd quarter. Qube Research & Technologies Ltd now owns 127,461 shares of the company’s stock valued at $30,631,000 after purchasing an additional 107,665 shares during the period.

iShares MSCI USA Momentum Factor ETF Price Performance

Shares of iShares MSCI USA Momentum Factor ETF stock opened at $309.32 on Friday. iShares MSCI USA Momentum Factor ETF has a one year low of $229.42 and a one year high of $345.59. The stock’s 50-day moving average is $317.36 and its 200 day moving average is $283.30. The firm has a market cap of $22.58 billion, a price-to-earnings ratio of 28.67 and a beta of 1.02.

iShares MSCI USA Momentum Factor ETF Company 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.