Wealthcare Advisory Partners LLC Boosts Holdings in iShares MSCI USA Momentum Factor ETF $MTUM

Wealthcare Advisory Partners LLC raised its stake in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 103.7% in the second quarter, according to its most recent 13F filing with the SEC. The fund owned 3,236 shares of the company’s stock after buying an additional 1,647 shares during the period. Wealthcare Advisory Partners LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $1,110,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Corient Private Wealth LLC grew its holdings in iShares MSCI USA Momentum Factor ETF by 185.9% during the fourth quarter. Corient Private Wealth LLC now owns 2,048,917 shares of the company’s stock worth $512,864,000 after acquiring an additional 1,332,181 shares during the period. LPL Financial LLC lifted its holdings in iShares MSCI USA Momentum Factor ETF by 24.7% in the fourth quarter. LPL Financial LLC now owns 3,291,857 shares of the company’s stock valued at $823,985,000 after acquiring an additional 652,414 shares during the period. JPMorgan Chase & Co. boosted its position in iShares MSCI USA Momentum Factor ETF by 32.2% in the 4th quarter. JPMorgan Chase & Co. now owns 1,151,084 shares of the company’s stock worth $288,128,000 after purchasing an additional 280,192 shares in the last quarter. Envestnet Portfolio Solutions Inc. grew its stake in shares of iShares MSCI USA Momentum Factor ETF by 55.3% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 721,042 shares of the company’s stock worth $180,484,000 after purchasing an additional 256,639 shares during the period. Finally, CWM LLC grew its stake in shares of iShares MSCI USA Momentum Factor ETF by 25.3% during the 4th quarter. CWM LLC now owns 1,141,425 shares of the company’s stock worth $285,710,000 after purchasing an additional 230,310 shares during the period.

iShares MSCI USA Momentum Factor ETF Price Performance

BATS:MTUM opened at $316.03 on Friday. The company has a 50 day moving average price of $316.33 and a 200-day moving average price of $285.07. iShares MSCI USA Momentum Factor ETF has a 1-year low of $229.42 and a 1-year high of $345.59. The firm has a market cap of $23.07 billion, a price-to-earnings ratio of 28.67 and a beta of 1.02.

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.