Merit Financial Group LLC Raises Stock Holdings in iShares MSCI USA Momentum Factor ETF $MTUM

Merit Financial Group LLC boosted its position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 27.5% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 160,608 shares of the company’s stock after acquiring an additional 34,632 shares during the period. Merit Financial Group LLC owned about 0.22% of iShares MSCI USA Momentum Factor ETF worth $41,188,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Successful Portfolios LLC increased its position in iShares MSCI USA Momentum Factor ETF by 2.9% during the third quarter. Successful Portfolios LLC now owns 1,412 shares of the company’s stock worth $362,000 after purchasing an additional 40 shares during the last quarter. Centurion Wealth Management LLC boosted its holdings in iShares MSCI USA Momentum Factor ETF by 0.7% in the third quarter. Centurion Wealth Management LLC now owns 5,764 shares of the company’s stock valued at $1,478,000 after acquiring an additional 42 shares during the last quarter. Silverlake Wealth Management LLC increased its stake in iShares MSCI USA Momentum Factor ETF by 1.1% during the second quarter. Silverlake Wealth Management LLC now owns 3,917 shares of the company’s stock worth $941,000 after acquiring an additional 43 shares during the last quarter. Armstrong Advisory Group Inc. increased its stake in iShares MSCI USA Momentum Factor ETF by 1.1% during the third quarter. Armstrong Advisory Group Inc. now owns 3,961 shares of the company’s stock worth $1,016,000 after acquiring an additional 43 shares during the last quarter. Finally, LifeSteps Financial Inc. raised its holdings in shares of iShares MSCI USA Momentum Factor ETF by 2.3% in the 3rd quarter. LifeSteps Financial Inc. now owns 1,920 shares of the company’s stock worth $492,000 after purchasing an additional 44 shares during the period.

iShares MSCI USA Momentum Factor ETF Trading Up 0.5%

Shares of iShares MSCI USA Momentum Factor ETF stock opened at $251.48 on Tuesday. iShares MSCI USA Momentum Factor ETF has a twelve month low of $171.51 and a twelve month high of $262.10. The company has a fifty day moving average price of $254.11 and a 200 day moving average price of $251.11. The stock has a market cap of $18.36 billion, a price-to-earnings ratio of 28.67 and a beta of 1.02.

About iShares MSCI USA Momentum Factor ETF

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.