Ashton Thomas Private Wealth LLC Takes $1.23 Million Position in iShares MSCI USA Momentum Factor ETF $MTUM

Ashton Thomas Private Wealth LLC acquired a new stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 4,797 shares of the company’s stock, valued at approximately $1,230,000.

Several other institutional investors also recently modified their holdings of MTUM. Bison Wealth LLC raised its position in shares of iShares MSCI USA Momentum Factor ETF by 4.4% in the 4th quarter. Bison Wealth LLC now owns 3,148 shares of the company’s stock valued at $651,000 after acquiring an additional 133 shares during the period. Empowered Funds LLC acquired a new stake in shares of iShares MSCI USA Momentum Factor ETF during the first quarter worth about $2,488,000. US Bancorp DE lifted its holdings in shares of iShares MSCI USA Momentum Factor ETF by 0.6% during the 2nd quarter. US Bancorp DE now owns 76,015 shares of the company’s stock valued at $18,268,000 after purchasing an additional 483 shares in the last quarter. Blair William & Co. IL grew its position in shares of iShares MSCI USA Momentum Factor ETF by 8.6% in the 2nd quarter. Blair William & Co. IL now owns 7,495 shares of the company’s stock valued at $1,801,000 after purchasing an additional 594 shares during the period. Finally, Vantage Point Financial LLC increased its stake in iShares MSCI USA Momentum Factor ETF by 2.2% during the 2nd quarter. Vantage Point Financial LLC now owns 2,368 shares of the company’s stock worth $569,000 after purchasing an additional 51 shares in the last quarter.

iShares MSCI USA Momentum Factor ETF Stock Up 21.4%

iShares MSCI USA Momentum Factor ETF stock opened at $253.62 on Friday. The company has a 50 day moving average of $253.77 and a 200-day moving average of $250.42. iShares MSCI USA Momentum Factor ETF has a twelve month low of $168.49 and a twelve month high of $240.99. The stock has a market capitalization of $18.51 billion, a PE 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.