SteelPeak Wealth LLC Purchases 446 Shares of iShares MSCI USA Momentum Factor ETF $MTUM

SteelPeak Wealth LLC raised its position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 1.1% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 39,725 shares of the company’s stock after acquiring an additional 446 shares during the period. SteelPeak Wealth LLC owned about 0.05% of iShares MSCI USA Momentum Factor ETF worth $9,547,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of the company. Mullooly Asset Management Inc. bought a new stake in iShares MSCI USA Momentum Factor ETF in the 1st quarter valued at approximately $2,162,511,000. Raymond James Financial Inc. lifted its stake in iShares MSCI USA Momentum Factor ETF by 5.5% in the 1st quarter. Raymond James Financial Inc. now owns 2,929,874 shares of the company’s stock valued at $592,215,000 after acquiring an additional 151,872 shares in the last quarter. LPL Financial LLC lifted its stake in iShares MSCI USA Momentum Factor ETF by 0.3% in the 1st quarter. LPL Financial LLC now owns 1,960,110 shares of the company’s stock valued at $396,197,000 after acquiring an additional 5,473 shares in the last quarter. Assetmark Inc. lifted its stake in iShares MSCI USA Momentum Factor ETF by 3.5% in the 1st quarter. Assetmark Inc. now owns 1,812,820 shares of the company’s stock valued at $366,425,000 after acquiring an additional 61,915 shares in the last quarter. Finally, State of Michigan Retirement System lifted its stake in iShares MSCI USA Momentum Factor ETF by 0.3% in the 1st quarter. State of Michigan Retirement System now owns 1,295,090 shares of the company’s stock valued at $261,777,000 after acquiring an additional 4,200 shares in the last quarter.

iShares MSCI USA Momentum Factor ETF Stock Up 21.7%

Shares of iShares MSCI USA Momentum Factor ETF stock opened at $254.28 on Tuesday. iShares MSCI USA Momentum Factor ETF has a 12-month low of $168.49 and a 12-month high of $240.99. The stock has a market cap of $18.56 billion, a P/E ratio of 28.67 and a beta of 1.02. The business’s 50 day moving average is $248.11 and its 200-day moving average is $230.21.

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.