Berkshire Money Management Inc. Increases Stock Position in iShares MSCI USA Momentum Factor ETF $MTUM

Berkshire Money Management Inc. boosted its position in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 539.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,071 shares of the company’s stock after purchasing an additional 6,808 shares during the period. Berkshire Money Management Inc.’s holdings in iShares MSCI USA Momentum Factor ETF were worth $1,940,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in MTUM. Cullen Frost Bankers Inc. purchased a new stake in shares of iShares MSCI USA Momentum Factor ETF during the first quarter worth about $26,000. Compass Wealth Management LLC purchased a new position in iShares MSCI USA Momentum Factor ETF in the first quarter valued at about $30,000. Cornerstone Planning Group LLC grew its stake in iShares MSCI USA Momentum Factor ETF by 140.3% during the 1st quarter. Cornerstone Planning Group LLC now owns 149 shares of the company’s stock valued at $30,000 after purchasing an additional 87 shares in the last quarter. Halbert Hargrove Global Advisors LLC acquired a new stake in iShares MSCI USA Momentum Factor ETF during the 1st quarter valued at approximately $33,000. Finally, Harbor Investment Advisory LLC increased its holdings in iShares MSCI USA Momentum Factor ETF by 262.2% during the 2nd quarter. Harbor Investment Advisory LLC now owns 163 shares of the company’s stock worth $39,000 after purchasing an additional 118 shares during the last quarter.

iShares MSCI USA Momentum Factor ETF Stock Up 21.6%

Shares of MTUM opened at $254.15 on Monday. The firm has a market cap of $18.55 billion, a price-to-earnings ratio of 28.67 and a beta of 1.02. The business’s 50 day moving average is $247.84 and its two-hundred day moving average is $229.87. iShares MSCI USA Momentum Factor ETF has a 52-week low of $168.49 and a 52-week high of $240.99.

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.