Kingswood Wealth Advisors LLC Acquires 18,922 Shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

Kingswood Wealth Advisors LLC grew its stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 97.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 38,302 shares of the company’s stock after purchasing an additional 18,922 shares during the quarter. iShares MSCI USA Momentum Factor ETF comprises approximately 0.6% of Kingswood Wealth Advisors LLC’s holdings, making the stock its 24th largest holding. Kingswood Wealth Advisors LLC owned 0.07% of iShares MSCI USA Momentum Factor ETF worth $7,926,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Strategic Investment Advisors MI increased its holdings in shares of iShares MSCI USA Momentum Factor ETF by 4.9% in the fourth quarter. Strategic Investment Advisors MI now owns 31,808 shares of the company’s stock worth $6,582,000 after acquiring an additional 1,494 shares in the last quarter. Armbruster Capital Management Inc. increased its stake in iShares MSCI USA Momentum Factor ETF by 0.6% during the 4th quarter. Armbruster Capital Management Inc. now owns 201,344 shares of the company’s stock worth $41,662,000 after purchasing an additional 1,253 shares in the last quarter. Legacy Financial Group LLC acquired a new stake in iShares MSCI USA Momentum Factor ETF during the 4th quarter worth approximately $3,823,000. Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its position in iShares MSCI USA Momentum Factor ETF by 3.7% in the 4th quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 995,986 shares of the company’s stock valued at $206,089,000 after acquiring an additional 35,468 shares in the last quarter. Finally, SWP Financial LLC acquired a new position in iShares MSCI USA Momentum Factor ETF in the 4th quarter worth $1,876,000.

iShares MSCI USA Momentum Factor ETF Price Performance

MTUM opened at $222.97 on Monday. The company has a market capitalization of $12.07 billion, a price-to-earnings ratio of 18.53 and a beta of 1.10. iShares MSCI USA Momentum Factor ETF has a 1 year low of $81.37 and a 1 year high of $113.60. The business’s 50-day moving average price is $212.86 and its two-hundred day moving average price is $203.35.

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.