Sharkey Howes & Javer Invests $6.50 Million in iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

Sharkey Howes & Javer bought a new position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 31,426 shares of the company’s stock, valued at approximately $6,503,000. iShares MSCI USA Momentum Factor ETF makes up approximately 0.9% of Sharkey Howes & Javer’s investment portfolio, making the stock its 24th largest position. Sharkey Howes & Javer owned 0.06% of iShares MSCI USA Momentum Factor ETF at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the business. Spectrum Wealth Counsel LLC purchased a new position in shares of iShares MSCI USA Momentum Factor ETF in the fourth quarter worth about $3,217,000. US Bancorp DE increased its stake in shares of iShares MSCI USA Momentum Factor ETF by 158.6% in the fourth quarter. US Bancorp DE now owns 76,043 shares of the company’s stock worth $15,735,000 after purchasing an additional 46,640 shares in the last quarter. Fisher Asset Management LLC increased its stake in shares of iShares MSCI USA Momentum Factor ETF by 23.6% in the fourth quarter. Fisher Asset Management LLC now owns 1,449 shares of the company’s stock worth $300,000 after purchasing an additional 277 shares in the last quarter. Maripau Wealth Management LLC purchased a new position in shares of iShares MSCI USA Momentum Factor ETF in the fourth quarter worth about $243,000. Finally, Cobblestone Capital Advisors LLC NY boosted its position in shares of iShares MSCI USA Momentum Factor ETF by 1.1% in the fourth quarter. Cobblestone Capital Advisors LLC NY now owns 138,408 shares of the company’s stock valued at $28,639,000 after acquiring an additional 1,536 shares during the period.

iShares MSCI USA Momentum Factor ETF Trading Up 4.6 %

MTUM stock opened at $218.62 on Friday. The firm has a 50 day moving average of $217.23 and a 200-day moving average of $209.10. iShares MSCI USA Momentum Factor ETF has a 12 month low of $81.37 and a 12 month high of $113.60. The firm has a market capitalization of $15.69 billion, a P/E ratio of 28.87 and a beta of 0.98.

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.