iShares MSCI USA Momentum Factor ETF (BATS:MTUM) Stock Holdings Raised by 1900 Wealth Management LLC

1900 Wealth Management LLC lifted its position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 1.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 137,128 shares of the company’s stock after buying an additional 2,404 shares during the quarter. iShares MSCI USA Momentum Factor ETF makes up approximately 2.3% of 1900 Wealth Management LLC’s portfolio, making the stock its 8th biggest holding. 1900 Wealth Management LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $27,718,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Vontobel Holding Ltd. purchased a new stake in shares of iShares MSCI USA Momentum Factor ETF in the fourth quarter worth about $432,000. GAMMA Investing LLC increased its position in shares of iShares MSCI USA Momentum Factor ETF by 17,512.3% in the first quarter. GAMMA Investing LLC now owns 30,117 shares of the company’s stock worth $6,088,000 after purchasing an additional 29,946 shares during the last quarter. Snowden Capital Advisors LLC increased its position in shares of iShares MSCI USA Momentum Factor ETF by 297.6% in the fourth quarter. Snowden Capital Advisors LLC now owns 16,347 shares of the company’s stock worth $3,383,000 after purchasing an additional 12,236 shares during the last quarter. Summit X LLC increased its position in shares of iShares MSCI USA Momentum Factor ETF by 1,416.6% in the fourth quarter. Summit X LLC now owns 22,142 shares of the company’s stock worth $4,582,000 after purchasing an additional 20,682 shares during the last quarter. Finally, Fullcircle Wealth LLC bought a new position in shares of iShares MSCI USA Momentum Factor ETF in the fourth quarter worth approximately $506,000.

iShares MSCI USA Momentum Factor ETF Trading Up 10.0%

MTUM stock opened at $229.98 on Monday. The company’s 50 day moving average is $216.76 and its 200 day moving average is $213.67. The stock has a market cap of $16.86 billion, a price-to-earnings ratio of 28.96 and a beta of 1.02. iShares MSCI USA Momentum Factor ETF has a 1-year low of $168.49 and a 1-year high of $234.78.

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.