Ocean Park Asset Management LLC Invests $656,000 in iShares MSCI USA Momentum Factor ETF $MTUM

Ocean Park Asset Management LLC acquired a new stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 2,621 shares of the company’s stock, valued at approximately $656,000.

Several other hedge funds also recently bought and sold shares of MTUM. Sherman Wealth Management LLC bought a new stake in iShares MSCI USA Momentum Factor ETF during the 4th quarter worth approximately $900,000. Centurion Wealth Management LLC boosted its holdings in iShares MSCI USA Momentum Factor ETF by 31.5% in the 4th quarter. Centurion Wealth Management LLC now owns 7,578 shares of the company’s stock valued at $1,897,000 after purchasing an additional 1,814 shares during the period. ORG Partners LLC grew its position in shares of iShares MSCI USA Momentum Factor ETF by 16.2% during the 4th quarter. ORG Partners LLC now owns 11,349 shares of the company’s stock valued at $2,841,000 after purchasing an additional 1,584 shares in the last quarter. ORG Wealth Partners LLC grew its position in shares of iShares MSCI USA Momentum Factor ETF by 6.9% during the 4th quarter. ORG Wealth Partners LLC now owns 2,605 shares of the company’s stock valued at $652,000 after purchasing an additional 169 shares in the last quarter. Finally, AA Financial Advisors LLC bought a new position in shares of iShares MSCI USA Momentum Factor ETF in the fourth quarter worth $208,000.

iShares MSCI USA Momentum Factor ETF Stock Performance

BATS:MTUM opened at $235.76 on Monday. iShares MSCI USA Momentum Factor ETF has a 52-week low of $171.51 and a 52-week high of $262.10. The stock has a fifty day moving average of $250.90 and a 200 day moving average of $251.82. The firm has a market capitalization of $17.21 billion, a price-to-earnings ratio of 28.67 and a beta of 1.02.

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.