Alterna Wealth Management Inc. Purchases New Position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

Alterna Wealth Management Inc. purchased a new stake in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 5,732 shares of the company’s stock, valued at approximately $1,186,000. iShares MSCI USA Momentum Factor ETF comprises approximately 1.0% of Alterna Wealth Management Inc.’s investment portfolio, making the stock its 26th largest holding.

Several other institutional investors and hedge funds have also bought and sold shares of MTUM. Park Avenue Securities LLC raised its holdings in shares of iShares MSCI USA Momentum Factor ETF by 1,055.4% during the fourth quarter. Park Avenue Securities LLC now owns 507,294 shares of the company’s stock valued at $104,969,000 after acquiring an additional 463,387 shares in the last quarter. Janney Montgomery Scott LLC increased its position in iShares MSCI USA Momentum Factor ETF by 140.9% during the 4th quarter. Janney Montgomery Scott LLC now owns 425,097 shares of the company’s stock valued at $87,961,000 after purchasing an additional 248,600 shares during the period. Citigroup Inc. raised its holdings in iShares MSCI USA Momentum Factor ETF by 1,266.9% in the 3rd quarter. Citigroup Inc. now owns 253,036 shares of the company’s stock worth $51,305,000 after purchasing an additional 234,524 shares in the last quarter. Foundations Investment Advisors LLC lifted its position in shares of iShares MSCI USA Momentum Factor ETF by 245.6% in the 4th quarter. Foundations Investment Advisors LLC now owns 225,033 shares of the company’s stock worth $46,564,000 after purchasing an additional 159,916 shares during the period. Finally, Sanctuary Advisors LLC boosted its stake in shares of iShares MSCI USA Momentum Factor ETF by 455.1% during the 3rd quarter. Sanctuary Advisors LLC now owns 157,981 shares of the company’s stock valued at $33,952,000 after purchasing an additional 129,521 shares in the last quarter.

iShares MSCI USA Momentum Factor ETF Price Performance

MTUM stock opened at $219.20 on Monday. iShares MSCI USA Momentum Factor ETF has a 1 year low of $81.37 and a 1 year high of $113.60. The firm has a 50-day moving average of $213.40 and a 200 day moving average of $203.94. The company has a market cap of $11.87 billion, a P/E ratio of 18.53 and a beta of 1.10.

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.