1,236 Shares in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) Purchased by IMG Wealth Management Inc.

IMG Wealth Management Inc. purchased a new position in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 1,236 shares of the company’s stock, valued at approximately $256,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in MTUM. Duncker Streett & Co. Inc. purchased a new position in shares of iShares MSCI USA Momentum Factor ETF during the fourth quarter worth about $25,000. Mainstream Capital Management LLC purchased a new position in shares of iShares MSCI USA Momentum Factor ETF during the fourth quarter worth about $31,000. Thurston Springer Miller Herd & Titak Inc. boosted its holdings in iShares MSCI USA Momentum Factor ETF by 1,880.0% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 198 shares of the company’s stock valued at $41,000 after purchasing an additional 188 shares in the last quarter. AdvisorNet Financial Inc boosted its holdings in iShares MSCI USA Momentum Factor ETF by 51.4% in the 4th quarter. AdvisorNet Financial Inc now owns 218 shares of the company’s stock valued at $45,000 after purchasing an additional 74 shares in the last quarter. Finally, Realta Investment Advisors purchased a new stake in iShares MSCI USA Momentum Factor ETF in the 4th quarter valued at approximately $49,000.

iShares MSCI USA Momentum Factor ETF Trading Down 3.3 %

Shares of MTUM opened at $202.19 on Monday. iShares MSCI USA Momentum Factor ETF has a twelve month low of $168.49 and a twelve month high of $229.77. The stock’s 50 day moving average is $216.02 and its two-hundred day moving average is $209.75. The firm has a market capitalization of $13.90 billion, a PE ratio of 27.42 and a beta of 0.99.

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.