Mission Wealth Management LP Purchases Shares of 1,654 iShares MSCI USA Momentum Factor ETF $MTUM

Mission Wealth Management LP purchased a new position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 1,654 shares of the company’s stock, valued at approximately $567,000.

A number of other large investors have also modified their holdings of MTUM. Triumph Capital Management purchased a new stake in iShares MSCI USA Momentum Factor ETF during the 3rd quarter worth about $25,000. Cary Street Partners Financial LLC purchased a new position in shares of iShares MSCI USA Momentum Factor ETF in the 4th quarter valued at about $25,000. Eagle Bay Advisors LLC purchased a new position in shares of iShares MSCI USA Momentum Factor ETF in the 4th quarter valued at about $26,000. Financial Network Wealth Advisors LLC boosted its stake in shares of iShares MSCI USA Momentum Factor ETF by 176.3% in the 4th quarter. Financial Network Wealth Advisors LLC now owns 105 shares of the company’s stock valued at $26,000 after buying an additional 67 shares during the period. Finally, Turtle Creek Wealth Advisors LLC acquired a new position in shares of iShares MSCI USA Momentum Factor ETF during the first quarter worth about $26,000.

iShares MSCI USA Momentum Factor ETF Stock Performance

MTUM stock opened at $314.73 on Thursday. The company’s 50 day moving average price is $316.52 and its 200 day moving average price is $284.65. iShares MSCI USA Momentum Factor ETF has a fifty-two week low of $229.42 and a fifty-two week high of $345.59. The firm has a market capitalization of $22.98 billion, a price-to-earnings ratio of 28.67 and a beta of 1.02.

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.