Modern Wealth Management LLC Buys 9,864 Shares of iShares MSCI USA Momentum Factor ETF $MTUM

Modern Wealth Management LLC grew its position in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 45.0% in the first quarter, HoldingsChannel reports. The firm owned 31,785 shares of the company’s stock after buying an additional 9,864 shares during the quarter. Modern Wealth Management LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $7,795,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Beacon Financial Advisory LLC lifted its position in shares of iShares MSCI USA Momentum Factor ETF by 2.5% in the first quarter. Beacon Financial Advisory LLC now owns 1,504 shares of the company’s stock worth $361,000 after buying an additional 36 shares in the last quarter. Caliber Wealth Management LLC KS grew its holdings in iShares MSCI USA Momentum Factor ETF by 0.4% during the 4th quarter. Caliber Wealth Management LLC KS now owns 9,680 shares of the company’s stock valued at $2,423,000 after buying an additional 39 shares in the last quarter. Traction Financial Partners LLC grew its holdings in iShares MSCI USA Momentum Factor ETF by 3.4% during the 4th quarter. Traction Financial Partners LLC now owns 1,206 shares of the company’s stock valued at $302,000 after buying an additional 40 shares in the last quarter. Clark Capital Management Group Inc. increased its stake in iShares MSCI USA Momentum Factor ETF by 4.3% in the 4th quarter. Clark Capital Management Group Inc. now owns 994 shares of the company’s stock worth $249,000 after acquiring an additional 41 shares during the last quarter. Finally, Lunt Capital Management Inc. increased its stake in iShares MSCI USA Momentum Factor ETF by 3.0% in the 4th quarter. Lunt Capital Management Inc. now owns 1,500 shares of the company’s stock worth $375,000 after acquiring an additional 43 shares during the last quarter.

iShares MSCI USA Momentum Factor ETF Price Performance

Shares of MTUM opened at $306.39 on Friday. The stock has a market capitalization of $22.37 billion, a price-to-earnings ratio of 28.67 and a beta of 1.02. iShares MSCI USA Momentum Factor ETF has a 1 year low of $229.42 and a 1 year high of $345.59. The business’s 50 day simple moving average is $318.06 and its 200-day simple moving average is $280.16.

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.