4,688 Shares in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) Acquired by Golden State Wealth Management LLC

Golden State Wealth Management LLC acquired a new position in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 4,688 shares of the company’s stock, valued at approximately $970,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Park Avenue Securities LLC boosted its holdings in shares of iShares MSCI USA Momentum Factor ETF by 1,055.4% in 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 during the period. Janney Montgomery Scott LLC grew 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 worth $87,961,000 after purchasing an additional 248,600 shares during the last quarter. Citigroup Inc. grew its position in iShares MSCI USA Momentum Factor ETF by 1,266.9% during 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 during the last quarter. Foundations Investment Advisors LLC increased its stake in iShares MSCI USA Momentum Factor ETF by 245.6% in the fourth quarter. Foundations Investment Advisors LLC now owns 225,033 shares of the company’s stock valued at $46,564,000 after purchasing an additional 159,916 shares during the period. Finally, JB Capital LLC purchased a new stake in shares of iShares MSCI USA Momentum Factor ETF in the fourth quarter valued at about $32,997,000.

iShares MSCI USA Momentum Factor ETF Stock Performance

Shares of MTUM opened at $226.03 on Friday. iShares MSCI USA Momentum Factor ETF has a fifty-two week low of $81.37 and a fifty-two week high of $113.60. The firm has a 50-day simple moving average of $213.74 and a 200-day simple moving average of $204.54. The company has a market capitalization of $12.24 billion, a price-to-earnings ratio of 18.53 and a beta of 1.10.

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.