Sowell Financial Services LLC Buys 2,605 Shares of iShares MSCI USA Momentum Factor ETF $MTUM

Sowell Financial Services LLC grew its stake in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 17.9% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 17,189 shares of the company’s stock after purchasing an additional 2,605 shares during the quarter. Sowell Financial Services LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $5,893,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Beacon Bridge Wealth Partners LLC boosted its position in shares of iShares MSCI USA Momentum Factor ETF by 78.3% in 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 period. Waystone Advisors LLC purchased a new position in iShares MSCI USA Momentum Factor ETF in the 4th quarter valued at $1,040,000. Elevation Capital Advisory LLC purchased a new stake in shares of iShares MSCI USA Momentum Factor ETF in the fourth quarter valued at about $3,960,000. WealthShield Partners LLC boosted its holdings in iShares MSCI USA Momentum Factor ETF by 54.0% in the 4th quarter. WealthShield Partners LLC now owns 25,884 shares of the company’s stock valued at $6,479,000 after purchasing an additional 9,080 shares in the last quarter. Finally, Blalock Williams LLC grew its holdings in iShares MSCI USA Momentum Factor ETF by 64.7% during the fourth quarter. Blalock Williams LLC now owns 5,750 shares of the company’s stock worth $1,439,000 after acquiring an additional 2,259 shares during the period.

iShares MSCI USA Momentum Factor ETF Stock Up 2.1%

BATS:MTUM opened at $314.73 on Thursday. The firm’s fifty day simple moving average is $316.52 and its 200-day simple moving average is $284.65. iShares MSCI USA Momentum Factor ETF has a fifty-two week low of $229.42 and a fifty-two week high of $345.59. The stock has a market cap of $22.98 billion, a PE ratio of 28.67 and a beta of 1.02.

iShares MSCI USA Momentum Factor ETF Company 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. MTUM was launched on Apr 16, 2013 and is managed by BlackRock.