iShares MSCI USA Momentum Factor ETF $MTUM Shares Bought by Sax Wealth Advisors LLC

Sax Wealth Advisors LLC boosted its holdings in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 2.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 22,260 shares of the company’s stock after acquiring an additional 559 shares during the period. Sax Wealth Advisors LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $5,349,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the company. Cullen Frost Bankers Inc. purchased a new stake in iShares MSCI USA Momentum Factor ETF in the first quarter valued at approximately $26,000. Compass Wealth Management LLC acquired a new position in shares of iShares MSCI USA Momentum Factor ETF during the first quarter worth $30,000. Cornerstone Planning Group LLC lifted its position in shares of iShares MSCI USA Momentum Factor ETF by 140.3% during the first quarter. Cornerstone Planning Group LLC now owns 149 shares of the company’s stock worth $30,000 after purchasing an additional 87 shares in the last quarter. Halbert Hargrove Global Advisors LLC acquired a new stake in iShares MSCI USA Momentum Factor ETF in the first quarter valued at $33,000. Finally, Harbor Investment Advisory LLC raised its holdings in iShares MSCI USA Momentum Factor ETF by 262.2% in the second quarter. Harbor Investment Advisory LLC now owns 163 shares of the company’s stock valued at $39,000 after acquiring an additional 118 shares in the last quarter.

iShares MSCI USA Momentum Factor ETF Stock Performance

Shares of BATS:MTUM opened at $254.42 on Wednesday. The stock has a market capitalization of $18.57 billion, a price-to-earnings ratio of 28.67 and a beta of 1.02. iShares MSCI USA Momentum Factor ETF has a 1-year low of $168.49 and a 1-year high of $240.99. The company’s fifty day moving average is $248.39 and its two-hundred day moving average is $230.56.

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.