Wedmont Private Capital Makes New $360,000 Investment in iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

Wedmont Private Capital acquired a new position in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor acquired 1,804 shares of the company’s stock, valued at approximately $360,000.

Several other large investors have also modified their holdings of MTUM. Envestnet Asset Management Inc. raised its stake in iShares MSCI USA Momentum Factor ETF by 3.3% during the fourth quarter. Envestnet Asset Management Inc. now owns 7,143,076 shares of the company’s stock worth $1,120,677,000 after purchasing an additional 229,231 shares during the period. Sculati Wealth Management LLC acquired a new position in iShares MSCI USA Momentum Factor ETF in the fourth quarter valued at $201,000. Traction Financial Partners LLC purchased a new stake in iShares MSCI USA Momentum Factor ETF during the fourth quarter valued at about $323,000. Franklin Resources Inc. increased its stake in iShares MSCI USA Momentum Factor ETF by 38.3% during the fourth quarter. Franklin Resources Inc. now owns 59,950 shares of the company’s stock worth $9,406,000 after acquiring an additional 16,611 shares during the last quarter. Finally, Simplicity Solutions LLC purchased a new position in shares of iShares MSCI USA Momentum Factor ETF in the 4th quarter worth about $572,000.

iShares MSCI USA Momentum Factor ETF Stock Performance

Shares of BATS:MTUM traded up $3.99 during trading on Tuesday, reaching $189.16. 805,867 shares of the stock were exchanged. The firm’s 50-day moving average price is $192.08 and its 200 day moving average price is $185.70. The firm has a market cap of $10.24 billion, a price-to-earnings ratio of 18.53 and a beta of 1.10. iShares MSCI USA Momentum Factor ETF has a 12-month low of $81.37 and a 12-month high of $113.60.

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.