Abound Wealth Management Raises Stock Position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

Abound Wealth Management increased its holdings in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 74.5% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 239 shares of the company’s stock after purchasing an additional 102 shares during the period. Abound Wealth Management’s holdings in iShares MSCI USA Momentum Factor ETF were worth $48,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. increased its position in shares of 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 during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of iShares MSCI USA Momentum Factor ETF during the fourth quarter worth about $574,824,000. LPL Financial LLC increased its position in shares of iShares MSCI USA Momentum Factor ETF by 215.4% during the fourth quarter. LPL Financial LLC now owns 1,954,637 shares of the company’s stock worth $404,454,000 after acquiring an additional 1,334,851 shares during the last quarter. Assetmark Inc. increased its position in shares of iShares MSCI USA Momentum Factor ETF by 3.4% during the fourth quarter. Assetmark Inc. now owns 1,750,905 shares of the company’s stock worth $362,297,000 after acquiring an additional 57,922 shares during the last quarter. Finally, Bank of America Corp DE increased its position in shares of iShares MSCI USA Momentum Factor ETF by 25.2% during the fourth quarter. Bank of America Corp DE now owns 1,528,601 shares of the company’s stock worth $316,298,000 after acquiring an additional 308,078 shares during the last quarter.

iShares MSCI USA Momentum Factor ETF Stock Up 10.0%

Shares of iShares MSCI USA Momentum Factor ETF stock opened at $229.98 on Monday. The firm has a market cap of $16.86 billion, a P/E ratio of 28.96 and a beta of 1.02. iShares MSCI USA Momentum Factor ETF has a fifty-two week low of $168.49 and a fifty-two week high of $234.78. The business has a 50-day moving average price of $216.76 and a 200 day moving average price of $213.67.

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.