MGB Wealth Management LLC Grows Position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

MGB Wealth Management LLC increased its stake in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 7.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 788 shares of the company’s stock after acquiring an additional 56 shares during the quarter. MGB Wealth Management LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $163,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Consolidated Planning Corp lifted its position in shares of iShares MSCI USA Momentum Factor ETF by 2.5% in the fourth quarter. Consolidated Planning Corp now owns 70,051 shares of the company’s stock worth $14,495,000 after buying an additional 1,697 shares in the last quarter. Jmac Enterprises LLC raised its holdings in shares of iShares MSCI USA Momentum Factor ETF by 3.2% during the 4th quarter. Jmac Enterprises LLC now owns 65,581 shares of the company’s stock worth $13,570,000 after acquiring an additional 2,024 shares in the last quarter. Avidian Wealth Enterprises LLC purchased a new stake in shares of iShares MSCI USA Momentum Factor ETF during the 4th quarter worth approximately $250,000. Beacon Financial Group bought a new position in shares of iShares MSCI USA Momentum Factor ETF during the 4th quarter valued at approximately $3,347,000. Finally, New Republic Capital LLC purchased a new position in shares of iShares MSCI USA Momentum Factor ETF in the fourth quarter valued at $117,000.

iShares MSCI USA Momentum Factor ETF Stock Up 7.9 %

iShares MSCI USA Momentum Factor ETF stock opened at $225.42 on Thursday. iShares MSCI USA Momentum Factor ETF has a 52-week low of $81.37 and a 52-week high of $113.60. The firm’s fifty day moving average is $214.58 and its 200 day moving average is $205.65. The company has a market cap of $12.21 billion, a price-to-earnings ratio of 18.53 and a beta of 1.10.

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.