Mission Wealth Management LP Makes New Investment in iShares MSCI USA Momentum Factor ETF $MTUM

Mission Wealth Management LP acquired a new position in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 1,654 shares of the company’s stock, valued at approximately $567,000.

A number of other hedge funds have also made changes to their positions in MTUM. Beacon Financial Advisory LLC lifted its stake in iShares MSCI USA Momentum Factor ETF by 2.5% during the first quarter. Beacon Financial Advisory LLC now owns 1,504 shares of the company’s stock worth $361,000 after purchasing an additional 36 shares during the last quarter. Caliber Wealth Management LLC KS increased its stake in iShares MSCI USA Momentum Factor ETF by 0.4% in the fourth quarter. Caliber Wealth Management LLC KS now owns 9,680 shares of the company’s stock valued at $2,423,000 after purchasing an additional 39 shares during the last quarter. Traction Financial Partners LLC raised its holdings in iShares MSCI USA Momentum Factor ETF by 3.4% during the fourth quarter. Traction Financial Partners LLC now owns 1,206 shares of the company’s stock worth $302,000 after purchasing an additional 40 shares in the last quarter. Clark Capital Management Group Inc. lifted its position in shares of iShares MSCI USA Momentum Factor ETF by 4.3% during the 4th quarter. Clark Capital Management Group Inc. now owns 994 shares of the company’s stock worth $249,000 after buying an additional 41 shares during the last quarter. Finally, Integrity Financial Corp WA lifted its position in shares of iShares MSCI USA Momentum Factor ETF by 5.4% during the 4th quarter. Integrity Financial Corp WA now owns 843 shares of the company’s stock worth $211,000 after buying an additional 43 shares during the last quarter.

iShares MSCI USA Momentum Factor ETF Trading Up 2.1%

Shares of iShares MSCI USA Momentum Factor ETF stock opened at $314.73 on Thursday. The company has a fifty day simple moving average of $316.52 and a 200-day simple moving average of $284.65. The stock has a market cap of $22.98 billion, a price-to-earnings ratio of 28.67 and a beta of 1.02. iShares MSCI USA Momentum Factor ETF has a 12-month low of $229.42 and a 12-month high of $345.59.

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