Forefront Wealth Partners LLC Has $9.69 Million Stake in iShares MSCI USA Momentum Factor ETF $MTUM

Forefront Wealth Partners LLC raised its position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 3,156.6% during the 3rd quarter, HoldingsChannel reports. The fund owned 37,777 shares of the company’s stock after buying an additional 36,617 shares during the quarter. iShares MSCI USA Momentum Factor ETF comprises about 2.4% of Forefront Wealth Partners LLC’s portfolio, making the stock its 6th largest holding. Forefront Wealth Partners LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $9,688,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Bison Wealth LLC lifted its position in shares of iShares MSCI USA Momentum Factor ETF by 4.4% in the fourth quarter. Bison Wealth LLC now owns 3,148 shares of the company’s stock worth $651,000 after purchasing an additional 133 shares in the last quarter. Baird Financial Group Inc. grew its position in iShares MSCI USA Momentum Factor ETF by 0.8% in the first quarter. Baird Financial Group Inc. now owns 99,116 shares of the company’s stock valued at $20,034,000 after purchasing an additional 816 shares in the last quarter. Royal Bank of Canada increased its stake in iShares MSCI USA Momentum Factor ETF by 5.3% in the 1st quarter. Royal Bank of Canada now owns 501,597 shares of the company’s stock valued at $101,388,000 after buying an additional 25,393 shares during the last quarter. Focus Partners Advisor Solutions LLC lifted its position in iShares MSCI USA Momentum Factor ETF by 2.5% during the 1st quarter. Focus Partners Advisor Solutions LLC now owns 6,344 shares of the company’s stock worth $1,282,000 after buying an additional 154 shares in the last quarter. Finally, Aprio Wealth Management LLC bought a new stake in iShares MSCI USA Momentum Factor ETF during the 1st quarter worth about $238,000.

iShares MSCI USA Momentum Factor ETF Price Performance

Shares of BATS MTUM opened at $252.70 on Wednesday. The business has a 50-day moving average of $250.12 and a 200-day moving average of $246.83. The stock has a market capitalization of $18.45 billion, a price-to-earnings ratio of 28.67 and a beta of 1.02. iShares MSCI USA Momentum Factor ETF has a fifty-two week low of $168.49 and a fifty-two week high of $240.99.

About iShares MSCI USA Momentum Factor ETF

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.