Western Wealth Management LLC grew its position in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM – Free Report) by 26.4% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,263 shares of the company’s stock after buying an additional 3,810 shares during the quarter. Western Wealth Management LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $4,383,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Assetmark Inc. raised its stake in iShares MSCI USA Momentum Factor ETF by 2.5% during the fourth quarter. Assetmark Inc. now owns 1,502,409 shares of the company’s stock worth $376,068,000 after acquiring an additional 37,278 shares in the last quarter. Flagship Capital Management Inc. acquired a new stake in shares of iShares MSCI USA Momentum Factor ETF during the 4th quarter worth about $1,779,000. Beacon Bridge Wealth Partners LLC lifted its holdings in iShares MSCI USA Momentum Factor ETF by 78.3% during the 4th quarter. Beacon Bridge Wealth Partners LLC now owns 22,617 shares of the company’s stock valued at $5,661,000 after purchasing an additional 9,932 shares during the last quarter. Sovran Advisors LLC boosted its position in iShares MSCI USA Momentum Factor ETF by 25.3% in the fourth quarter. Sovran Advisors LLC now owns 21,115 shares of the company’s stock valued at $5,431,000 after buying an additional 4,260 shares in the last quarter. Finally, Flagship Harbor Advisors LLC grew its stake in iShares MSCI USA Momentum Factor ETF by 31.7% during the fourth quarter. Flagship Harbor Advisors LLC now owns 9,229 shares of the company’s stock worth $2,310,000 after buying an additional 2,224 shares during the last quarter.
iShares MSCI USA Momentum Factor ETF Trading Up 5.5%
BATS MTUM opened at $298.77 on Friday. iShares MSCI USA Momentum Factor ETF has a 1-year low of $229.42 and a 1-year high of $345.59. The company has a 50 day moving average of $317.82 and a 200-day moving average of $281.40. The firm has a market cap of $21.81 billion, a price-to-earnings ratio of 28.67 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. MTUM was launched on Apr 16, 2013 and is managed by BlackRock.
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