iShares MSCI USA Momentum Factor ETF $MTUM Stock: SteelPeak Wealth LLC Boosts Position

SteelPeak Wealth LLC raised its holdings in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 5.5% in the 3rd quarter, Holdings Channel.com reports. The firm owned 75,144 shares of the company’s stock after acquiring an additional 3,937 shares during the period. SteelPeak Wealth LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $23,846,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. ShoreHaven Wealth Partners LLC raised its position in shares of iShares MSCI USA Momentum Factor ETF by 6.1% in the third quarter. ShoreHaven Wealth Partners LLC now owns 18,044 shares of the company’s stock valued at $5,726,000 after purchasing an additional 1,040 shares during the period. Sweeney & Michel LLC lifted its stake in shares of iShares MSCI USA Momentum Factor ETF by 1.9% during the 3rd quarter. Sweeney & Michel LLC now owns 9,957 shares of the company’s stock valued at $3,160,000 after buying an additional 188 shares in the last quarter. Peddock Capital Advisors LLC boosted its holdings in iShares MSCI USA Momentum Factor ETF by 3.6% in the 3rd quarter. Peddock Capital Advisors LLC now owns 22,445 shares of the company’s stock worth $7,123,000 after buying an additional 772 shares during the period. Aspiriant LLC bought a new position in iShares MSCI USA Momentum Factor ETF in the 3rd quarter worth approximately $252,000. Finally, YANKCOM Partnership bought a new position in iShares MSCI USA Momentum Factor ETF in the 3rd quarter worth approximately $31,000.

iShares MSCI USA Momentum Factor ETF Trading Down 2.8%

iShares MSCI USA Momentum Factor ETF stock opened at $293.17 on Friday. iShares MSCI USA Momentum Factor ETF has a 1-year low of $229.42 and a 1-year high of $345.59. The firm has a market capitalization of $21.40 billion, a price-to-earnings ratio of 28.67 and a beta of 1.02. The firm has a 50 day simple moving average of $309.73 and a 200 day simple moving average of $303.87.

Shares of iShares MSCI USA Momentum Factor ETF are going to split on Thursday, November 5th. The 4-1 split was recently announced. The newly minted shares will be distributed to shareholders after the market closes on Wednesday, November 4th.

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.