Commonwealth Retirement Investments LLC Buys 2,787 Shares of iShares MSCI USA Momentum Factor ETF $MTUM

Commonwealth Retirement Investments LLC raised its stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 80.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 6,238 shares of the company’s stock after acquiring an additional 2,787 shares during the period. Commonwealth Retirement Investments LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $1,561,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Dagco Inc. acquired a new position in iShares MSCI USA Momentum Factor ETF in the fourth quarter worth $25,000. Triumph Capital Management acquired a new position in iShares MSCI USA Momentum Factor ETF in the third quarter worth $25,000. Cary Street Partners Financial LLC acquired a new position in iShares MSCI USA Momentum Factor ETF in the fourth quarter worth $25,000. Eagle Bay Advisors LLC acquired a new position in iShares MSCI USA Momentum Factor ETF in the fourth quarter worth $26,000. Finally, United Financial Planning Group LLC acquired a new position in iShares MSCI USA Momentum Factor ETF in the third quarter worth $28,000.

iShares MSCI USA Momentum Factor ETF Stock Performance

iShares MSCI USA Momentum Factor ETF stock opened at $315.08 on Tuesday. The firm has a market cap of $23.00 billion, a P/E ratio of 28.67 and a beta of 1.02. The business’s fifty day moving average is $285.09 and its two-hundred day moving average is $263.18. iShares MSCI USA Momentum Factor ETF has a 52 week low of $229.29 and a 52 week high of $331.49.

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