Elevation Point Wealth Partners LLC Has $2.90 Million Stock Holdings in iShares MSCI USA Momentum Factor ETF $MTUM

Elevation Point Wealth Partners LLC lifted its position in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 106.6% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 11,307 shares of the company’s stock after buying an additional 5,833 shares during the quarter. Elevation Point Wealth Partners LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $2,900,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in MTUM. Raymond James Financial Inc. raised its holdings in iShares MSCI USA Momentum Factor ETF by 4.1% in the 3rd quarter. Raymond James Financial Inc. now owns 3,063,251 shares of the company’s stock valued at $785,571,000 after buying an additional 120,851 shares during the last quarter. Ameriprise Financial Inc. grew its holdings in iShares MSCI USA Momentum Factor ETF by 7.4% during the 3rd quarter. Ameriprise Financial Inc. now owns 1,321,883 shares of the company’s stock worth $339,023,000 after acquiring an additional 90,841 shares during the last quarter. Bank of America Corp DE grew its holdings in iShares MSCI USA Momentum Factor ETF by 8.3% during the 3rd quarter. Bank of America Corp DE now owns 1,239,000 shares of the company’s stock worth $317,742,000 after acquiring an additional 94,881 shares during the last quarter. State of Michigan Retirement System increased its position in iShares MSCI USA Momentum Factor ETF by 1.4% in the 3rd quarter. State of Michigan Retirement System now owns 1,223,490 shares of the company’s stock valued at $313,764,000 after acquiring an additional 17,400 shares during the period. Finally, Cerity Partners LLC increased its position in iShares MSCI USA Momentum Factor ETF by 2.6% in the 3rd quarter. Cerity Partners LLC now owns 1,151,952 shares of the company’s stock valued at $295,418,000 after acquiring an additional 29,230 shares during the period.

iShares MSCI USA Momentum Factor ETF Stock Performance

MTUM stock opened at $243.44 on Friday. The company has a market capitalization of $17.77 billion, a P/E ratio of 28.67 and a beta of 1.02. The company has a fifty day moving average price of $253.47 and a 200-day moving average price of $251.88. 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 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.