WESPAC Advisors SoCal LLC Makes New Investment in iShares MSCI USA Momentum Factor ETF $MTUM

WESPAC Advisors SoCal LLC bought a new position in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm bought 1,139 shares of the company’s stock, valued at approximately $274,000.

Several other hedge funds have also made changes to their positions in MTUM. Bison Wealth LLC lifted its holdings in shares of iShares MSCI USA Momentum Factor ETF by 4.4% in the 4th quarter. Bison Wealth LLC now owns 3,148 shares of the company’s stock worth $651,000 after purchasing an additional 133 shares during the last quarter. Johnson Investment Counsel Inc. lifted its holdings in shares of iShares MSCI USA Momentum Factor ETF by 3.9% in the 1st quarter. Johnson Investment Counsel Inc. now owns 1,801 shares of the company’s stock worth $364,000 after purchasing an additional 67 shares during the last quarter. Whalen Wealth Management Inc. bought a new stake in shares of iShares MSCI USA Momentum Factor ETF in the 1st quarter worth approximately $236,000. Consolidated Planning Corp lifted its holdings in shares of iShares MSCI USA Momentum Factor ETF by 0.9% in the 1st quarter. Consolidated Planning Corp now owns 70,653 shares of the company’s stock worth $14,281,000 after purchasing an additional 602 shares during the last quarter. Finally, Vantage Point Financial LLC lifted its holdings in shares of iShares MSCI USA Momentum Factor ETF by 7.1% in the 1st quarter. Vantage Point Financial LLC now owns 2,317 shares of the company’s stock worth $468,000 after purchasing an additional 154 shares during the last quarter.

iShares MSCI USA Momentum Factor ETF Trading Up 21.6%

Shares of BATS MTUM opened at $254.18 on Tuesday. The company has a market cap of $18.56 billion, a price-to-earnings ratio of 28.67 and a beta of 1.02. iShares MSCI USA Momentum Factor ETF has a 12-month low of $168.49 and a 12-month high of $240.99. The stock’s 50 day simple moving average is $250.41 and its 200 day simple moving average is $233.56.

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.