Sound Portfolio Advisors LLC Purchases Shares of 24,890 iShares MSCI USA Momentum Factor ETF $MTUM

Sound Portfolio Advisors LLC purchased a new stake in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) during the 4th quarter, HoldingsChannel reports. The firm purchased 24,890 shares of the company’s stock, valued at approximately $6,230,000. iShares MSCI USA Momentum Factor ETF accounts for about 5.2% of Sound Portfolio Advisors LLC’s holdings, making the stock its 6th biggest holding.

Several other large investors have also added to or reduced their stakes in MTUM. Caprock Group LLC purchased a new stake in shares of iShares MSCI USA Momentum Factor ETF in the third quarter worth about $3,283,000. Braun Bostich & Associates Inc. boosted its stake in shares of iShares MSCI USA Momentum Factor ETF by 63.4% in the fourth quarter. Braun Bostich & Associates Inc. now owns 11,497 shares of the company’s stock worth $2,878,000 after buying an additional 4,463 shares during the last quarter. BCGM Wealth Management LLC boosted its stake in shares of iShares MSCI USA Momentum Factor ETF by 45.0% in the fourth quarter. BCGM Wealth Management LLC now owns 25,663 shares of the company’s stock worth $6,424,000 after buying an additional 7,960 shares during the last quarter. Cypress Wealth Services LLC boosted its stake in shares of iShares MSCI USA Momentum Factor ETF by 63.6% in the fourth quarter. Cypress Wealth Services LLC now owns 14,772 shares of the company’s stock worth $3,698,000 after buying an additional 5,740 shares during the last quarter. Finally, Ausdal Financial Partners Inc. boosted its stake in shares of iShares MSCI USA Momentum Factor ETF by 237.4% in the third quarter. Ausdal Financial Partners Inc. now owns 4,768 shares of the company’s stock worth $1,223,000 after buying an additional 3,355 shares during the last quarter.

iShares MSCI USA Momentum Factor ETF Stock Down 2.9%

Shares of MTUM opened at $298.27 on Friday. iShares MSCI USA Momentum Factor ETF has a 52 week low of $223.47 and a 52 week high of $307.96. The company has a market capitalization of $21.77 billion, a price-to-earnings ratio of 28.67 and a beta of 1.02. The stock’s 50-day moving average price is $264.12 and its 200-day moving average price is $256.36.

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.