Merit Financial Group LLC Boosts Position in iShares MSCI USA Momentum Factor ETF $MTUM

Merit Financial Group LLC boosted its holdings in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 27.5% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 160,633 shares of the company’s stock after purchasing an additional 34,657 shares during the quarter. Merit Financial Group LLC owned about 0.22% of iShares MSCI USA Momentum Factor ETF worth $41,194,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Successful Portfolios LLC boosted its holdings in shares of iShares MSCI USA Momentum Factor ETF by 2.9% in the 3rd quarter. Successful Portfolios LLC now owns 1,412 shares of the company’s stock valued at $362,000 after buying an additional 40 shares in the last quarter. Centurion Wealth Management LLC lifted its position in iShares MSCI USA Momentum Factor ETF by 0.7% in the third quarter. Centurion Wealth Management LLC now owns 5,764 shares of the company’s stock valued at $1,478,000 after acquiring an additional 42 shares during the last quarter. Silverlake Wealth Management LLC lifted its position in iShares MSCI USA Momentum Factor ETF by 1.1% in the second quarter. Silverlake Wealth Management LLC now owns 3,917 shares of the company’s stock valued at $941,000 after acquiring an additional 43 shares during the last quarter. Armstrong Advisory Group Inc. boosted its stake in iShares MSCI USA Momentum Factor ETF by 1.1% in the third quarter. Armstrong Advisory Group Inc. now owns 3,961 shares of the company’s stock valued at $1,016,000 after acquiring an additional 43 shares in the last quarter. Finally, Teamwork Financial Advisors LLC grew its holdings in shares of iShares MSCI USA Momentum Factor ETF by 2.6% during the second quarter. Teamwork Financial Advisors LLC now owns 1,709 shares of the company’s stock worth $411,000 after purchasing an additional 44 shares during the last quarter.

iShares MSCI USA Momentum Factor ETF Stock Performance

MTUM opened at $252.70 on Wednesday. iShares MSCI USA Momentum Factor ETF has a one year low of $168.49 and a one year high of $240.99. The stock has a market capitalization of $18.45 billion, a P/E ratio of 28.67 and a beta of 1.02. The business’s 50-day simple moving average is $250.12 and its 200-day simple moving average is $246.83.

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. MTUM was launched on Apr 16, 2013 and is managed by BlackRock.