Geneos Wealth Management Inc. Acquires 5,583 Shares of iShares MSCI USA Momentum Factor ETF $MTUM

Geneos Wealth Management Inc. grew its stake in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 43.9% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 18,315 shares of the company’s stock after purchasing an additional 5,583 shares during the quarter. Geneos Wealth Management Inc.’s holdings in iShares MSCI USA Momentum Factor ETF were worth $4,401,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in MTUM. Advocacy Wealth Management Services LLC grew its holdings in iShares MSCI USA Momentum Factor ETF by 5.7% during the second quarter. Advocacy Wealth Management Services LLC now owns 88,416 shares of the company’s stock worth $21,248,000 after acquiring an additional 4,752 shares during the period. Allworth Financial LP lifted its stake in shares of iShares MSCI USA Momentum Factor ETF by 88.4% in the 2nd quarter. Allworth Financial LP now owns 18,613 shares of the company’s stock valued at $4,473,000 after purchasing an additional 8,731 shares during the period. Symmetry Partners LLC raised its holdings in shares of iShares MSCI USA Momentum Factor ETF by 7.7% in the 2nd quarter. Symmetry Partners LLC now owns 220,864 shares of the company’s stock valued at $53,078,000 after buying an additional 15,774 shares during the period. Bank of New York Mellon Corp increased its stake in iShares MSCI USA Momentum Factor ETF by 1.9% during the second quarter. Bank of New York Mellon Corp now owns 219,172 shares of the company’s stock worth $52,671,000 after purchasing an additional 4,086 shares during the period. Finally, AE Wealth Management LLC boosted its stake in shares of iShares MSCI USA Momentum Factor ETF by 3.2% in the second quarter. AE Wealth Management LLC now owns 95,876 shares of the company’s stock valued at $23,041,000 after purchasing an additional 3,008 shares during the period.

iShares MSCI USA Momentum Factor ETF Price Performance

BATS:MTUM opened at $248.54 on Tuesday. The firm has a 50-day moving average of $250.66 and a two-hundred day moving average of $245.33. The stock has a market cap of $18.14 billion, a P/E ratio of 28.67 and a beta of 1.02. iShares MSCI USA Momentum Factor ETF has a 1-year low of $168.49 and a 1-year high of $240.99.

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.