Legacy Wealth Managment LLC ID Acquires 3,801 Shares of iShares MSCI USA Momentum Factor ETF $MTUM

Legacy Wealth Managment LLC ID increased its holdings in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 772.6% in the second quarter, Holdings Channel.com reports. The firm owned 4,293 shares of the company’s stock after acquiring an additional 3,801 shares during the period. Legacy Wealth Managment LLC ID’s holdings in iShares MSCI USA Momentum Factor ETF were worth $1,472,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in MTUM. Cary Street Partners Financial LLC purchased a new position in iShares MSCI USA Momentum Factor ETF in the 4th quarter worth $25,000. Triumph Capital Management purchased a new stake in iShares MSCI USA Momentum Factor ETF during the third quarter valued at about $25,000. Financial Network Wealth Advisors LLC grew its stake in shares of iShares MSCI USA Momentum Factor ETF by 176.3% during the fourth quarter. Financial Network Wealth Advisors LLC now owns 105 shares of the company’s stock valued at $26,000 after buying an additional 67 shares during the last quarter. Turtle Creek Wealth Advisors LLC bought a new position in shares of iShares MSCI USA Momentum Factor ETF during the first quarter valued at about $26,000. Finally, Indiana Trust & Investment Management Co bought a new position in shares of iShares MSCI USA Momentum Factor ETF during the first quarter valued at about $26,000.

iShares MSCI USA Momentum Factor ETF Trading Up 0.8%

MTUM opened at $299.42 on Friday. iShares MSCI USA Momentum Factor ETF has a 12 month low of $229.42 and a 12 month high of $345.59. The business’s 50-day moving average price is $309.97 and its 200-day moving average price is $290.34. The company has a market cap of $21.86 billion, a P/E ratio of 28.67 and a beta of 1.02.

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.