Fortune Financial Group Inc. purchased a new position in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM – Free Report) in the fourth quarter, HoldingsChannel reports. The fund purchased 7,259 shares of the company’s stock, valued at approximately $2,016,000. iShares MSCI USA Momentum Factor ETF comprises about 2.0% of Fortune Financial Group Inc.’s portfolio, making the stock its 15th largest holding.
A number of other large investors have also recently bought and sold shares of the company. Caliber Wealth Management LLC KS boosted its position in iShares MSCI USA Momentum Factor ETF by 0.4% during the 4th quarter. Caliber Wealth Management LLC KS now owns 9,680 shares of the company’s stock worth $2,423,000 after acquiring an additional 39 shares during the last quarter. Traction Financial Partners LLC increased its position in shares of iShares MSCI USA Momentum Factor ETF by 3.4% in the fourth quarter. Traction Financial Partners LLC now owns 1,206 shares of the company’s stock valued at $302,000 after acquiring an additional 40 shares during the last quarter. Lunt Capital Management Inc. increased its position in shares of iShares MSCI USA Momentum Factor ETF by 3.0% in the fourth quarter. Lunt Capital Management Inc. now owns 1,500 shares of the company’s stock valued at $375,000 after acquiring an additional 43 shares during the last quarter. Venturi Wealth Management LLC increased its position in shares of iShares MSCI USA Momentum Factor ETF by 1.2% in the fourth quarter. Venturi Wealth Management LLC now owns 3,942 shares of the company’s stock valued at $987,000 after acquiring an additional 45 shares during the last quarter. Finally, Mutual Advisors LLC increased its position in shares of iShares MSCI USA Momentum Factor ETF by 0.8% in the fourth quarter. Mutual Advisors LLC now owns 5,728 shares of the company’s stock valued at $1,434,000 after acquiring an additional 45 shares during the last quarter.
iShares MSCI USA Momentum Factor ETF Stock Performance
BATS:MTUM opened at $304.92 on Thursday. The stock’s 50-day simple moving average is $288.09 and its 200 day simple moving average is $264.13. The company has a market cap of $22.26 billion, a P/E ratio of 28.67 and a beta of 1.02. iShares MSCI USA Momentum Factor ETF has a 52-week low of $229.42 and a 52-week high of $331.49.
iShares MSCI USA Momentum Factor ETF Company 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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