Modern Wealth Management LLC Makes New Investment in iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

Modern Wealth Management LLC acquired a new stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 7,052 shares of the company’s stock, valued at approximately $1,601,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Interchange Capital Partners LLC acquired a new stake in shares of iShares MSCI USA Momentum Factor ETF in the fourth quarter worth approximately $708,000. Hershey Financial Advisers LLC purchased a new position in iShares MSCI USA Momentum Factor ETF during the fourth quarter worth approximately $476,000. LPL Financial LLC boosted its holdings in shares of iShares MSCI USA Momentum Factor ETF by 215.4% in the 4th quarter. LPL Financial LLC now owns 1,954,637 shares of the company’s stock valued at $404,454,000 after purchasing an additional 1,334,851 shares during the last quarter. Blueprint Investment Partners LLC grew its stake in shares of iShares MSCI USA Momentum Factor ETF by 179.8% during the 4th quarter. Blueprint Investment Partners LLC now owns 7,833 shares of the company’s stock valued at $1,621,000 after buying an additional 5,033 shares during the period. Finally, Mosley Wealth Management increased its holdings in shares of iShares MSCI USA Momentum Factor ETF by 137.1% during the 4th quarter. Mosley Wealth Management now owns 9,820 shares of the company’s stock worth $2,124,000 after buying an additional 5,679 shares during the last quarter.

iShares MSCI USA Momentum Factor ETF Trading Up 0.9 %

Shares of iShares MSCI USA Momentum Factor ETF stock opened at $210.93 on Wednesday. The stock has a market capitalization of $14.50 billion, a P/E ratio of 27.42 and a beta of 0.99. The business’s fifty day moving average price is $215.49 and its 200 day moving average price is $210.39. iShares MSCI USA Momentum Factor ETF has a twelve month low of $168.49 and a twelve month high of $229.77.

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.