J. M. Brown & Associates Inc. Takes $789,000 Position in iShares MSCI USA Momentum Factor ETF $MTUM

J. M. Brown & Associates Inc. purchased a new stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 2,302 shares of the company’s stock, valued at approximately $789,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Beacon Bridge Wealth Partners LLC raised its stake 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 period. Waystone Advisors LLC acquired a new stake in shares of iShares MSCI USA Momentum Factor ETF in the fourth quarter worth $1,040,000. Elevation Capital Advisory LLC purchased a new position in shares of iShares MSCI USA Momentum Factor ETF during the fourth quarter valued at $3,960,000. WealthShield Partners LLC grew its holdings in shares of iShares MSCI USA Momentum Factor ETF by 54.0% during the fourth quarter. WealthShield Partners LLC now owns 25,884 shares of the company’s stock valued at $6,479,000 after buying an additional 9,080 shares in the last quarter. Finally, Blalock Williams LLC raised its position 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 valued at $1,439,000 after buying an additional 2,259 shares during the period.

iShares MSCI USA Momentum Factor ETF Trading Up 0.4%

Shares of iShares MSCI USA Momentum Factor ETF stock opened at $316.03 on Friday. The stock has a 50-day moving average price of $316.33 and a 200 day moving average price of $285.07. The company has a market cap of $23.07 billion, a P/E ratio of 28.67 and a beta of 1.02. iShares MSCI USA Momentum Factor ETF has a 1 year low of $229.42 and a 1 year high of $345.59.

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.