Sax Wealth Advisors LLC lifted its holdings in iShares MSCI USA Momentum Factor ETF (BATS:MTUM – Free Report) by 18.1% in the fourth quarter, HoldingsChannel reports. The firm owned 25,046 shares of the company’s stock after purchasing an additional 3,836 shares during the quarter. Sax Wealth Advisors LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $6,269,000 at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of MTUM. Dagco Inc. purchased a new stake in iShares MSCI USA Momentum Factor ETF during the fourth quarter valued at $25,000. Triumph Capital Management purchased a new position in shares of iShares MSCI USA Momentum Factor ETF in the 3rd quarter worth $25,000. TFC Financial Management Inc. purchased a new position in shares of iShares MSCI USA Momentum Factor ETF in the 3rd quarter worth $28,000. United Financial Planning Group LLC bought a new stake in shares of iShares MSCI USA Momentum Factor ETF in the 3rd quarter worth about $28,000. Finally, Howe & Rusling Inc. increased its holdings in shares of iShares MSCI USA Momentum Factor ETF by 425.0% in the 3rd quarter. Howe & Rusling Inc. now owns 126 shares of the company’s stock worth $32,000 after buying an additional 102 shares during the last quarter.
iShares MSCI USA Momentum Factor ETF Trading Up 0.7%
Shares of BATS MTUM opened at $247.18 on Thursday. iShares MSCI USA Momentum Factor ETF has a 12-month low of $171.51 and a 12-month high of $262.10. The firm’s 50-day moving average price is $251.73 and its 200-day moving average price is $251.98. The stock has a market capitalization of $18.04 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.
Further Reading
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