Gateway Wealth Partners LLC Purchases 30,041 Shares of iShares MSCI USA Momentum Factor ETF $MTUM

Gateway Wealth Partners LLC increased its position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 228.8% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 43,168 shares of the company’s stock after buying an additional 30,041 shares during the quarter. Gateway Wealth Partners LLC owned 0.06% of iShares MSCI USA Momentum Factor ETF worth $10,360,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in MTUM. Corient Private Wealth LLC grew its holdings in iShares MSCI USA Momentum Factor ETF by 185.9% during the 4th 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 last quarter. LPL Financial LLC increased its position in iShares MSCI USA Momentum Factor ETF by 24.7% in the 4th 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. raised its stake in shares of iShares MSCI USA Momentum Factor ETF by 32.2% during the fourth quarter. JPMorgan Chase & Co. now owns 1,151,084 shares of the company’s stock valued at $288,128,000 after acquiring an additional 280,192 shares during the last quarter. Envestnet Portfolio Solutions Inc. raised its stake in shares of iShares MSCI USA Momentum Factor ETF by 55.3% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 721,042 shares of the company’s stock valued at $180,484,000 after acquiring an additional 256,639 shares during the last quarter. Finally, CWM LLC lifted its holdings in shares of iShares MSCI USA Momentum Factor ETF by 25.3% during the fourth 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 Stock Performance

Shares of BATS:MTUM opened at $306.39 on Monday. iShares MSCI USA Momentum Factor ETF has a 52 week low of $229.42 and a 52 week high of $345.59. The firm has a market cap of $22.37 billion, a PE ratio of 28.67 and a beta of 1.02. The firm’s fifty day moving average is $318.06 and its 200-day moving average is $280.33.

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