Retirement Wealth Solutions LLC Buys 785 Shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

Retirement Wealth Solutions LLC increased its position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 33.1% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,157 shares of the company’s stock after acquiring an additional 785 shares during the quarter. Retirement Wealth Solutions LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $638,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Envestnet Asset Management Inc. increased its holdings in iShares MSCI USA Momentum Factor ETF by 58.5% during the 4th quarter. Envestnet Asset Management Inc. now owns 12,608,593 shares of the company’s stock worth $2,608,970,000 after acquiring an additional 4,651,707 shares during the period. Raymond James Financial Inc. bought a new position in iShares MSCI USA Momentum Factor ETF in the 4th quarter valued at $574,824,000. LPL Financial LLC grew its position in shares of iShares MSCI USA Momentum Factor ETF by 215.4% during the 4th quarter. LPL Financial LLC now owns 1,954,637 shares of the company’s stock valued at $404,454,000 after purchasing an additional 1,334,851 shares in the last quarter. Assetmark Inc. increased its holdings in shares of iShares MSCI USA Momentum Factor ETF by 3.4% in the fourth quarter. Assetmark Inc. now owns 1,750,905 shares of the company’s stock worth $362,297,000 after purchasing an additional 57,922 shares during the period. Finally, Bank of America Corp DE increased its holdings in shares of iShares MSCI USA Momentum Factor ETF by 25.2% in the fourth quarter. Bank of America Corp DE now owns 1,528,601 shares of the company’s stock worth $316,298,000 after purchasing an additional 308,078 shares during the period.

iShares MSCI USA Momentum Factor ETF Stock Performance

Shares of MTUM stock opened at $231.63 on Friday. The company has a market capitalization of $16.89 billion, a PE ratio of 28.96 and a beta of 1.00. iShares MSCI USA Momentum Factor ETF has a 52-week low of $168.49 and a 52-week high of $232.61. The business’s fifty day moving average is $209.57 and its 200 day moving average is $212.28.

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.