iShares MSCI USA Momentum Factor ETF $MTUM is FLP Wealth Management LLC’s 10th Largest Position

FLP Wealth Management LLC lifted its stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 753.1% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,566 shares of the company’s stock after buying an additional 11,093 shares during the quarter. iShares MSCI USA Momentum Factor ETF comprises 3.2% of FLP Wealth Management LLC’s portfolio, making the stock its 10th biggest holding. FLP Wealth Management LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $3,223,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the stock. Envestnet Asset Management Inc. increased its holdings in iShares MSCI USA Momentum Factor ETF by 9.5% in the 2nd quarter. Envestnet Asset Management Inc. now owns 12,639,702 shares of the company’s stock worth $3,037,545,000 after acquiring an additional 1,094,104 shares in the last quarter. CHURCHILL MANAGEMENT Corp purchased a new stake in shares of iShares MSCI USA Momentum Factor ETF in the second quarter worth $220,286,000. Orgel Wealth Management LLC purchased a new stake in shares of iShares MSCI USA Momentum Factor ETF in the second quarter worth $158,559,000. Park Avenue Securities LLC bought a new stake in shares of iShares MSCI USA Momentum Factor ETF during the 2nd quarter valued at $109,923,000. Finally, BNP Paribas Financial Markets lifted its stake in shares of iShares MSCI USA Momentum Factor ETF by 102.6% during the 1st quarter. BNP Paribas Financial Markets now owns 642,494 shares of the company’s stock valued at $129,867,000 after buying an additional 325,369 shares in the last quarter.

iShares MSCI USA Momentum Factor ETF Stock Performance

Shares of iShares MSCI USA Momentum Factor ETF stock opened at $255.36 on Thursday. The company has a market capitalization of $18.64 billion, a P/E ratio of 28.67 and a beta of 1.02. The company has a fifty day moving average of $250.06 and a 200 day moving average of $246.08. iShares MSCI USA Momentum Factor ETF has a fifty-two week low of $168.49 and a fifty-two week high of $240.99.

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.