Modern Wealth Management LLC Purchases 9,864 Shares of iShares MSCI USA Momentum Factor ETF $MTUM

Modern Wealth Management LLC boosted its holdings in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 45.0% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 31,785 shares of the company’s stock after buying an additional 9,864 shares during the period. Modern Wealth Management LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $7,795,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of MTUM. Mercer Global Advisors Inc. ADV grew its position in shares of iShares MSCI USA Momentum Factor ETF by 3.0% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 7,824,890 shares of the company’s stock worth $1,958,649,000 after purchasing an additional 229,850 shares in the last quarter. LPL Financial LLC raised its stake in iShares MSCI USA Momentum Factor ETF by 24.7% during the 4th quarter. LPL Financial LLC now owns 3,291,857 shares of the company’s stock valued at $823,985,000 after purchasing an additional 652,414 shares during the period. Raymond James Financial Inc. lifted its holdings in iShares MSCI USA Momentum Factor ETF by 5.0% in the 4th quarter. Raymond James Financial Inc. now owns 3,215,974 shares of the company’s stock worth $804,990,000 after purchasing an additional 152,723 shares in the last quarter. Corient Private Wealth LLC boosted its stake in iShares MSCI USA Momentum Factor ETF by 185.9% in the 4th quarter. Corient Private Wealth LLC now owns 2,048,917 shares of the company’s stock worth $512,864,000 after purchasing an additional 1,332,181 shares during the period. Finally, Assetmark Inc. boosted its stake in iShares MSCI USA Momentum Factor ETF by 2.5% in the 4th quarter. Assetmark Inc. now owns 1,502,409 shares of the company’s stock worth $376,068,000 after purchasing an additional 37,278 shares during the period.

iShares MSCI USA Momentum Factor ETF Price Performance

Shares of MTUM opened at $306.39 on Friday. The firm has a market cap of $22.37 billion, a P/E ratio of 28.67 and a beta of 1.02. iShares MSCI USA Momentum Factor ETF has a 1 year low of $229.42 and a 1 year high of $345.59. The company has a 50 day simple moving average of $318.06 and a two-hundred day simple moving average of $280.16.

About iShares MSCI USA Momentum Factor ETF

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.