Summit Wealth Group LLC Co. acquired a new position in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM – Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 7,350 shares of the company’s stock, valued at approximately $1,840,000.
Other large investors have also recently added to or reduced their stakes in the company. Triumph Capital Management bought a new position in iShares MSCI USA Momentum Factor ETF during the third quarter worth $25,000. Dagco Inc. bought a new position in iShares MSCI USA Momentum Factor ETF during the fourth quarter worth $25,000. Eagle Bay Advisors LLC bought a new position in iShares MSCI USA Momentum Factor ETF during the fourth quarter worth $26,000. United Financial Planning Group LLC bought a new position in iShares MSCI USA Momentum Factor ETF during the third quarter worth $28,000. Finally, Howe & Rusling Inc. lifted its stake in iShares MSCI USA Momentum Factor ETF by 425.0% during the third quarter. Howe & Rusling Inc. now owns 126 shares of the company’s stock worth $32,000 after purchasing an additional 102 shares during the last quarter.
iShares MSCI USA Momentum Factor ETF Price Performance
Shares of MTUM opened at $303.24 on Wednesday. The business’s fifty day moving average price is $260.93 and its 200 day moving average price is $255.33. iShares MSCI USA Momentum Factor ETF has a 12-month low of $223.47 and a 12-month high of $307.86. The stock has a market capitalization of $22.14 billion, a PE 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.
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