Valued Retirements Inc. Makes New Investment in iShares MSCI USA Momentum Factor ETF $MTUM

Valued Retirements Inc. bought a new stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 964 shares of the company’s stock, valued at approximately $232,000.

A number of other large investors also recently made changes to their positions in MTUM. Envestnet Asset Management Inc. grew its holdings in iShares MSCI USA Momentum Factor ETF by 9.5% in the 2nd quarter. Envestnet Asset Management Inc. now owns 12,639,702 shares of the company’s stock valued at $3,037,545,000 after buying an additional 1,094,104 shares in the last quarter. CHURCHILL MANAGEMENT Corp acquired a new position in shares of iShares MSCI USA Momentum Factor ETF in the second quarter valued at about $220,286,000. Orgel Wealth Management LLC acquired a new position in shares of iShares MSCI USA Momentum Factor ETF in the second quarter valued at about $158,559,000. Park Avenue Securities LLC bought a new position in iShares MSCI USA Momentum Factor ETF during the second quarter worth about $109,923,000. Finally, BNP Paribas Financial Markets raised its stake in iShares MSCI USA Momentum Factor ETF by 102.6% in the 1st quarter. BNP Paribas Financial Markets now owns 642,494 shares of the company’s stock worth $129,867,000 after purchasing an additional 325,369 shares in the last quarter.

iShares MSCI USA Momentum Factor ETF Trading Up 19.7%

Shares of MTUM stock opened at $250.20 on Monday. The stock has a market cap of $18.26 billion, a P/E 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 stock has a 50 day simple moving average of $251.54 and a 200 day simple moving average of $243.57.

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.