Ashton Thomas Private Wealth LLC Invests $1.23 Million in iShares MSCI USA Momentum Factor ETF $MTUM

Ashton Thomas Private Wealth LLC bought a new stake in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor bought 4,797 shares of the company’s stock, valued at approximately $1,230,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. TFC Financial Management Inc. acquired a new position in iShares MSCI USA Momentum Factor ETF in the 3rd quarter valued at approximately $28,000. WFA of San Diego LLC bought a new position in iShares MSCI USA Momentum Factor ETF in the second quarter worth $46,000. MassMutual Private Wealth & Trust FSB boosted its stake in iShares MSCI USA Momentum Factor ETF by 397.8% during the third quarter. MassMutual Private Wealth & Trust FSB now owns 224 shares of the company’s stock worth $57,000 after buying an additional 179 shares in the last quarter. TD Waterhouse Canada Inc. acquired a new position in shares of iShares MSCI USA Momentum Factor ETF in the 3rd quarter valued at $64,000. Finally, Hantz Financial Services Inc. acquired a new position in iShares MSCI USA Momentum Factor ETF during the second quarter worth $65,000.

iShares MSCI USA Momentum Factor ETF Stock Up 21.4%

Shares of iShares MSCI USA Momentum Factor ETF stock opened at $253.62 on Friday. 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 capitalization of $18.51 billion, a P/E ratio of 28.67 and a beta of 1.02. The company has a 50-day simple moving average of $253.77 and a 200 day simple moving average of $250.42.

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