Berkshire Money Management Inc. Boosts Stake in iShares MSCI USA Momentum Factor ETF $MTUM

Berkshire Money Management Inc. raised its position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 539.0% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,071 shares of the company’s stock after purchasing an additional 6,808 shares during the quarter. Berkshire Money Management Inc.’s holdings in iShares MSCI USA Momentum Factor ETF were worth $1,940,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Confluence Wealth Services Inc. acquired a new stake in iShares MSCI USA Momentum Factor ETF during the 2nd quarter worth approximately $206,000. Merit Financial Group LLC grew its stake in iShares MSCI USA Momentum Factor ETF by 28.4% during the second quarter. Merit Financial Group LLC now owns 125,976 shares of the company’s stock worth $30,275,000 after buying an additional 27,830 shares during the period. Beacon Financial Advisory LLC increased its position in shares of iShares MSCI USA Momentum Factor ETF by 56.9% in the second quarter. Beacon Financial Advisory LLC now owns 2,494 shares of the company’s stock worth $599,000 after acquiring an additional 904 shares in the last quarter. Mascoma Wealth Management LLC raised its stake in shares of iShares MSCI USA Momentum Factor ETF by 8.5% in the 2nd quarter. Mascoma Wealth Management LLC now owns 25,805 shares of the company’s stock valued at $6,201,000 after acquiring an additional 2,026 shares during the period. Finally, Simplicity Wealth LLC lifted its holdings in shares of iShares MSCI USA Momentum Factor ETF by 26.3% during the 2nd quarter. Simplicity Wealth LLC now owns 24,067 shares of the company’s stock valued at $5,784,000 after acquiring an additional 5,018 shares in the last quarter.

iShares MSCI USA Momentum Factor ETF Trading Up 21.6%

Shares of iShares MSCI USA Momentum Factor ETF stock opened at $254.15 on Monday. iShares MSCI USA Momentum Factor ETF has a twelve month low of $168.49 and a twelve month high of $240.99. The stock has a market cap of $18.55 billion, a price-to-earnings ratio of 28.67 and a beta of 1.02. The company has a fifty day moving average price of $247.84 and a 200 day moving average price of $229.87.

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.