ShoreHaven Wealth Partners LLC raised its stake in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM – Free Report) by 2.5% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 12,831 shares of the company’s stock after purchasing an additional 310 shares during the period. iShares MSCI USA Momentum Factor ETF accounts for 1.3% of ShoreHaven Wealth Partners LLC’s holdings, making the stock its 23rd biggest position. ShoreHaven Wealth Partners LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $3,084,000 at the end of the most recent reporting period.
Several other institutional investors have also recently made changes to their positions in MTUM. Cullen Frost Bankers Inc. purchased a new position in shares of iShares MSCI USA Momentum Factor ETF during the 1st quarter valued at about $26,000. Compass Wealth Management LLC bought a new stake in iShares MSCI USA Momentum Factor ETF during the 1st quarter worth approximately $30,000. Cornerstone Planning Group LLC raised its stake in iShares MSCI USA Momentum Factor ETF by 140.3% during the 1st quarter. Cornerstone Planning Group LLC now owns 149 shares of the company’s stock worth $30,000 after acquiring an additional 87 shares during the period. Harbor Investment Advisory LLC lifted its holdings in iShares MSCI USA Momentum Factor ETF by 262.2% during the second quarter. Harbor Investment Advisory LLC now owns 163 shares of the company’s stock valued at $39,000 after purchasing an additional 118 shares in the last quarter. Finally, GAMMA Investing LLC boosted its position in shares of iShares MSCI USA Momentum Factor ETF by 45.0% in the second quarter. GAMMA Investing LLC now owns 216 shares of the company’s stock worth $52,000 after purchasing an additional 67 shares during the period.
iShares MSCI USA Momentum Factor ETF Price Performance
Shares of BATS MTUM opened at $252.87 on Friday. The firm has a fifty day moving average price of $250.24 and a 200-day moving average price of $232.82. The stock has a market cap of $18.46 billion, a PE 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.
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.
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