SteelPeak Wealth LLC lifted its position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM – Free Report) by 70.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 80,579 shares of the company’s stock after buying an additional 33,239 shares during the period. SteelPeak Wealth LLC owned about 0.11% of iShares MSCI USA Momentum Factor ETF worth $20,170,000 as of its most recent SEC filing.
Several other hedge funds have also added to or reduced their stakes in the business. Triumph Capital Management acquired a new stake in shares of iShares MSCI USA Momentum Factor ETF during the third quarter worth about $25,000. Dagco Inc. bought a new position in shares of iShares MSCI USA Momentum Factor ETF during the 4th quarter valued at about $25,000. TFC Financial Management Inc. acquired a new position in shares of iShares MSCI USA Momentum Factor ETF in the 3rd quarter valued at approximately $28,000. United Financial Planning Group LLC acquired a new position in shares of iShares MSCI USA Momentum Factor ETF in the 3rd quarter valued at approximately $28,000. Finally, Howe & Rusling Inc. increased its stake in iShares MSCI USA Momentum Factor ETF by 425.0% during the 3rd quarter. Howe & Rusling Inc. now owns 126 shares of the company’s stock worth $32,000 after purchasing an additional 102 shares in the last quarter.
iShares MSCI USA Momentum Factor ETF Stock Performance
Shares of MTUM stock opened at $245.85 on Friday. The company has a market capitalization of $17.95 billion, a P/E ratio of 28.67 and a beta of 1.02. The company’s 50 day moving average price is $249.49 and its two-hundred day moving average price is $251.41. iShares MSCI USA Momentum Factor ETF has a 52 week low of $171.51 and a 52 week high of $262.10.
iShares MSCI USA Momentum Factor ETF Company 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.
Further Reading
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