iShares MSCI USA Momentum Factor ETF (BATS:MTUM) is Sanchez Wealth Management Group’s 6th Largest Position

Sanchez Wealth Management Group boosted its stake in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 8.4% in the 1st quarter, Holdings Channel reports. The fund owned 107,752 shares of the company’s stock after buying an additional 8,304 shares during the period. iShares MSCI USA Momentum Factor ETF makes up 5.9% of Sanchez Wealth Management Group’s investment portfolio, making the stock its 6th largest position. Sanchez Wealth Management Group’s holdings in iShares MSCI USA Momentum Factor ETF were worth $21,780,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of MTUM. NorthCrest Asset Manangement LLC acquired a new stake in iShares MSCI USA Momentum Factor ETF in the first quarter valued at approximately $5,293,000. Kelly Financial Services LLC grew its holdings in iShares MSCI USA Momentum Factor ETF by 6.3% in the first quarter. Kelly Financial Services LLC now owns 23,544 shares of the company’s stock valued at $4,759,000 after purchasing an additional 1,385 shares during the period. Braun Bostich & Associates Inc. grew its holdings in iShares MSCI USA Momentum Factor ETF by 3.5% in the first quarter. Braun Bostich & Associates Inc. now owns 6,422 shares of the company’s stock valued at $1,298,000 after purchasing an additional 218 shares during the period. Fifth Third Bancorp grew its holdings in iShares MSCI USA Momentum Factor ETF by 13.0% in the first quarter. Fifth Third Bancorp now owns 3,931 shares of the company’s stock valued at $795,000 after purchasing an additional 453 shares during the period. Finally, Focus Financial Network Inc. grew its holdings in iShares MSCI USA Momentum Factor ETF by 7.2% in the first quarter. Focus Financial Network Inc. now owns 8,656 shares of the company’s stock valued at $1,750,000 after purchasing an additional 578 shares during the period.

iShares MSCI USA Momentum Factor ETF Trading Up 10.9%

Shares of MTUM opened at $231.83 on Friday. iShares MSCI USA Momentum Factor ETF has a 12 month low of $168.49 and a 12 month high of $234.78. The stock’s 50 day moving average is $215.77 and its two-hundred day moving average is $213.58. The firm has a market cap of $16.99 billion, a P/E ratio of 28.96 and a beta of 1.02.

About iShares MSCI USA Momentum Factor ETF

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.