Waverly Advisors LLC Grows Stake in iShares MSCI USA Momentum Factor ETF $MTUM

Waverly Advisors LLC grew its stake in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 5.9% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 59,470 shares of the company’s stock after purchasing an additional 3,321 shares during the quarter. Waverly Advisors LLC owned 0.08% of iShares MSCI USA Momentum Factor ETF worth $20,388,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of MTUM. Triumph Capital Management purchased a new stake in shares of iShares MSCI USA Momentum Factor ETF during the 3rd quarter valued at about $25,000. Cary Street Partners Financial LLC purchased a new position in iShares MSCI USA Momentum Factor ETF in the 4th quarter worth approximately $25,000. Financial Network Wealth Advisors LLC boosted its holdings in iShares MSCI USA Momentum Factor ETF by 176.3% in the 4th quarter. Financial Network Wealth Advisors LLC now owns 105 shares of the company’s stock worth $26,000 after acquiring an additional 67 shares during the period. Fairway Wealth LLC acquired a new stake in iShares MSCI USA Momentum Factor ETF in the second quarter valued at approximately $36,000. Finally, Turtle Creek Wealth Advisors LLC acquired a new stake in iShares MSCI USA Momentum Factor ETF in the first quarter valued at approximately $26,000.

iShares MSCI USA Momentum Factor ETF Stock Up 1.3%

MTUM opened at $308.69 on Wednesday. The firm’s 50 day moving average is $308.25 and its 200-day moving average is $291.48. iShares MSCI USA Momentum Factor ETF has a 52-week low of $229.42 and a 52-week high of $345.59. The firm has a market capitalization of $22.53 billion, a P/E 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.