SteelPeak Wealth LLC Buys 446 Shares of iShares MSCI USA Momentum Factor ETF $MTUM

SteelPeak Wealth LLC lifted its stake in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 1.1% during the second quarter, HoldingsChannel reports. The firm owned 39,725 shares of the company’s stock after acquiring an additional 446 shares during the quarter. SteelPeak Wealth LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $9,547,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Bank of New York Mellon Corp raised its stake in iShares MSCI USA Momentum Factor ETF by 5.8% in the 1st quarter. Bank of New York Mellon Corp now owns 215,086 shares of the company’s stock valued at $43,475,000 after acquiring an additional 11,729 shares during the period. Dynamic Advisor Solutions LLC raised its stake in iShares MSCI USA Momentum Factor ETF by 15.7% in the 1st quarter. Dynamic Advisor Solutions LLC now owns 1,888 shares of the company’s stock valued at $382,000 after acquiring an additional 256 shares during the period. CX Institutional bought a new stake in iShares MSCI USA Momentum Factor ETF in the 1st quarter valued at $43,000. Johnson Investment Counsel Inc. raised its stake in iShares MSCI USA Momentum Factor ETF by 3.9% in the 1st quarter. Johnson Investment Counsel Inc. now owns 1,801 shares of the company’s stock valued at $364,000 after acquiring an additional 67 shares during the period. Finally, SG Americas Securities LLC bought a new stake in iShares MSCI USA Momentum Factor ETF in the 1st quarter valued at $1,213,000.

iShares MSCI USA Momentum Factor ETF Trading Up 21.7%

MTUM opened at $254.28 on Tuesday. iShares MSCI USA Momentum Factor ETF has a 1-year low of $168.49 and a 1-year high of $240.99. The stock’s fifty day simple moving average is $248.11 and its 200 day simple moving average is $230.21. The stock has a market cap of $18.56 billion, a PE ratio of 28.67 and a beta of 1.02.

iShares MSCI USA Momentum Factor ETF 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.