Axxcess Wealth Management LLC Buys 1,262 Shares of iShares MSCI USA Momentum Factor ETF $MTUM

Axxcess Wealth Management LLC lifted its stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 44.3% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,112 shares of the company’s stock after acquiring an additional 1,262 shares during the quarter. Axxcess Wealth Management LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $988,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in MTUM. Bison Wealth LLC grew its stake in shares of iShares MSCI USA Momentum Factor ETF by 4.4% in the fourth quarter. Bison Wealth LLC now owns 3,148 shares of the company’s stock worth $651,000 after acquiring an additional 133 shares during the period. Dynamic Advisor Solutions LLC grew its stake in shares of iShares MSCI USA Momentum Factor ETF by 15.7% in the first quarter. Dynamic Advisor Solutions LLC now owns 1,888 shares of the company’s stock worth $382,000 after acquiring an additional 256 shares during the period. Brighton Jones LLC bought a new stake in shares of iShares MSCI USA Momentum Factor ETF in the first quarter worth approximately $266,000. Inscription Capital LLC bought a new stake in shares of iShares MSCI USA Momentum Factor ETF in the first quarter worth approximately $234,000. Finally, CENTRAL TRUST Co grew its stake in shares of iShares MSCI USA Momentum Factor ETF by 10.4% in the first quarter. CENTRAL TRUST Co now owns 572 shares of the company’s stock worth $116,000 after acquiring an additional 54 shares during the period.

iShares MSCI USA Momentum Factor ETF Stock Up 21.0%

Shares of MTUM stock opened at $252.78 on Friday. The company has a 50 day moving average price of $250.10 and a 200-day moving average price of $232.68. The firm has a market capitalization of $18.45 billion, a PE ratio of 28.67 and a beta of 1.02. iShares MSCI USA Momentum Factor ETF has a 52 week low of $168.49 and a 52 week high of $240.99.

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.