Wealth Enhancement Advisory Services LLC Has $253.42 Million Position in iShares MSCI USA Momentum Factor ETF $MTUM

Wealth Enhancement Advisory Services LLC lessened its holdings in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 2.0% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 981,507 shares of the company’s stock after selling 19,753 shares during the period. Wealth Enhancement Advisory Services LLC owned approximately 1.34% of iShares MSCI USA Momentum Factor ETF worth $253,416,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Triumph Capital Management bought a new stake in shares of iShares MSCI USA Momentum Factor ETF in the 3rd quarter valued at approximately $25,000. TFC Financial Management Inc. bought a new position in shares of iShares MSCI USA Momentum Factor ETF during the 3rd quarter worth approximately $28,000. United Financial Planning Group LLC acquired a new stake in iShares MSCI USA Momentum Factor ETF in the 3rd quarter valued at $28,000. Howe & Rusling Inc. boosted its stake in iShares MSCI USA Momentum Factor ETF by 425.0% in the 3rd quarter. Howe & Rusling Inc. now owns 126 shares of the company’s stock valued at $32,000 after buying an additional 102 shares in the last quarter. Finally, Ameriflex Group Inc. grew its position in iShares MSCI USA Momentum Factor ETF by 604.3% in the third quarter. Ameriflex Group Inc. now owns 162 shares of the company’s stock valued at $42,000 after acquiring an additional 139 shares during the period.

iShares MSCI USA Momentum Factor ETF Price Performance

iShares MSCI USA Momentum Factor ETF stock opened at $241.52 on Friday. The firm has a market capitalization of $17.63 billion, a P/E ratio of 28.67 and a beta of 1.02. The stock has a fifty day moving average price of $252.45 and a two-hundred day moving average price of $251.94. iShares MSCI USA Momentum Factor ETF has a 52-week low of $171.51 and a 52-week high of $262.10.

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. MTUM was launched on Apr 16, 2013 and is managed by BlackRock.