Western Wealth Management LLC Raises Stock Holdings in iShares MSCI USA Momentum Factor ETF $MTUM

Western Wealth Management LLC increased its stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 26.4% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 18,263 shares of the company’s stock after acquiring an additional 3,810 shares during the period. Western Wealth Management LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $4,383,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in MTUM. Cary Street Partners Financial LLC purchased a new position in shares of iShares MSCI USA Momentum Factor ETF in the 4th quarter worth about $25,000. Triumph Capital Management bought a new position in shares of iShares MSCI USA Momentum Factor ETF during the 3rd quarter valued at about $25,000. Eagle Bay Advisors LLC purchased a new position in shares of iShares MSCI USA Momentum Factor ETF during the 4th quarter valued at about $26,000. Financial Network Wealth Advisors LLC raised its holdings in shares of iShares MSCI USA Momentum Factor ETF by 176.3% during the 4th quarter. Financial Network Wealth Advisors LLC now owns 105 shares of the company’s stock valued at $26,000 after buying an additional 67 shares in the last quarter. Finally, Turtle Creek Wealth Advisors LLC bought a new stake in iShares MSCI USA Momentum Factor ETF in the 1st quarter worth approximately $26,000.

iShares MSCI USA Momentum Factor ETF Price Performance

Shares of MTUM opened at $298.77 on Friday. iShares MSCI USA Momentum Factor ETF has a 1 year low of $229.42 and a 1 year high of $345.59. The stock has a 50 day simple moving average of $317.82 and a two-hundred day simple moving average of $281.40. The firm has a market cap of $21.81 billion, a P/E 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.