Joel Adams & Associates Inc. Takes $581,000 Position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

Joel Adams & Associates Inc. acquired a new position in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) in the 4th quarter, HoldingsChannel.com reports. The firm acquired 2,807 shares of the company’s stock, valued at approximately $581,000. iShares MSCI USA Momentum Factor ETF comprises approximately 0.5% of Joel Adams & Associates Inc.’s portfolio, making the stock its 29th largest holding.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Gries Financial LLC boosted its holdings in iShares MSCI USA Momentum Factor ETF by 1.6% in the fourth quarter. Gries Financial LLC now owns 3,066 shares of the company’s stock worth $634,000 after acquiring an additional 48 shares in the last quarter. LongView Wealth Management boosted its stake in iShares MSCI USA Momentum Factor ETF by 2.0% in the 4th quarter. LongView Wealth Management now owns 2,729 shares of the company’s stock worth $565,000 after purchasing an additional 54 shares in the last quarter. MGB Wealth Management LLC grew its position in iShares MSCI USA Momentum Factor ETF by 7.7% during the 4th quarter. MGB Wealth Management LLC now owns 788 shares of the company’s stock worth $163,000 after purchasing an additional 56 shares during the last quarter. D.A. Davidson & CO. increased its stake in iShares MSCI USA Momentum Factor ETF by 0.8% during the 4th quarter. D.A. Davidson & CO. now owns 7,498 shares of the company’s stock valued at $1,551,000 after purchasing an additional 57 shares in the last quarter. Finally, Householder Group Estate & Retirement Specialist LLC raised its holdings in shares of iShares MSCI USA Momentum Factor ETF by 5.8% in the fourth quarter. Householder Group Estate & Retirement Specialist LLC now owns 1,084 shares of the company’s stock worth $224,000 after buying an additional 59 shares during the last quarter.

iShares MSCI USA Momentum Factor ETF Trading Up 9.7 %

BATS:MTUM opened at $229.31 on Wednesday. The firm has a fifty day simple moving average of $215.50 and a 200-day simple moving average of $206.79. iShares MSCI USA Momentum Factor ETF has a 12 month low of $81.37 and a 12 month high of $113.60. The company has a market capitalization of $12.42 billion, a P/E ratio of 18.53 and a beta of 1.10.

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.