Twin Peaks Wealth Advisors LLC Has $1.46 Million Stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

Twin Peaks Wealth Advisors LLC increased its stake in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 18.6% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 7,332 shares of the company’s stock after acquiring an additional 1,151 shares during the period. Twin Peaks Wealth Advisors LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $1,458,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Envestnet Asset Management Inc. lifted its holdings in iShares MSCI USA Momentum Factor ETF by 58.5% during the fourth 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 in the last quarter. Raymond James Financial Inc. acquired a new position in shares of iShares MSCI USA Momentum Factor ETF during the fourth quarter worth $574,824,000. LPL Financial LLC increased its holdings in iShares MSCI USA Momentum Factor ETF by 215.4% in the fourth 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 during the period. JPMorgan Chase & Co. grew its holdings in iShares MSCI USA Momentum Factor ETF by 204.8% during the 4th quarter. JPMorgan Chase & Co. now owns 1,128,104 shares of the company’s stock worth $233,427,000 after acquiring an additional 758,024 shares during the period. Finally, Envestnet Portfolio Solutions Inc. boosted its position in shares of iShares MSCI USA Momentum Factor ETF by 5,196.8% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 689,435 shares of the company’s stock worth $142,658,000 after purchasing an additional 676,419 shares in the last quarter.

iShares MSCI USA Momentum Factor ETF Stock Up 10.9%

iShares MSCI USA Momentum Factor ETF stock opened at $231.83 on Friday. iShares MSCI USA Momentum Factor ETF has a 52 week low of $168.49 and a 52 week high of $234.78. The stock has a market cap of $16.99 billion, a P/E ratio of 28.96 and a beta of 1.02. The company’s 50 day moving average price is $215.77 and its two-hundred day moving average price is $213.58.

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.