Orgel Wealth Management LLC Has $230.63 Million Stock Holdings in iShares MSCI USA Momentum Factor ETF $MTUM

Orgel Wealth Management LLC lowered its position in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 1.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 672,724 shares of the company’s stock after selling 10,975 shares during the period. iShares MSCI USA Momentum Factor ETF comprises approximately 4.4% of Orgel Wealth Management LLC’s holdings, making the stock its 9th largest holding. Orgel Wealth Management LLC owned about 0.92% of iShares MSCI USA Momentum Factor ETF worth $230,630,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in MTUM. Triumph Capital Management bought a new stake in shares of iShares MSCI USA Momentum Factor ETF in the 3rd quarter valued at about $25,000. Cary Street Partners Financial LLC purchased a new stake in iShares MSCI USA Momentum Factor ETF during the fourth quarter worth $25,000. Financial Network Wealth Advisors LLC increased its holdings in shares of iShares MSCI USA Momentum Factor ETF by 176.3% in the 4th quarter. Financial Network Wealth Advisors LLC now owns 105 shares of the company’s stock valued at $26,000 after acquiring an additional 67 shares during the period. Fairway Wealth LLC bought a new position in shares of iShares MSCI USA Momentum Factor ETF in the 2nd quarter worth $36,000. Finally, Turtle Creek Wealth Advisors LLC bought a new position in shares of iShares MSCI USA Momentum Factor ETF in the 1st quarter worth $26,000.

iShares MSCI USA Momentum Factor ETF Price Performance

MTUM opened at $300.36 on Tuesday. The business’s 50-day moving average is $312.06 and its two-hundred day moving average is $289.38. iShares MSCI USA Momentum Factor ETF has a 1 year low of $229.42 and a 1 year high of $345.59. The firm has a market capitalization of $21.93 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.