Ashton Thomas Securities LLC Makes New $1.98 Million Investment in iShares MSCI USA Momentum Factor ETF $MTUM

Ashton Thomas Securities LLC purchased a new stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) during the 3rd quarter, Holdings Channel.com reports. The institutional investor purchased 7,703 shares of the company’s stock, valued at approximately $1,975,000.

Several other large investors have also modified their holdings of MTUM. TFC Financial Management Inc. acquired a new stake in shares of iShares MSCI USA Momentum Factor ETF during the third quarter worth $28,000. Harbor Investment Advisory LLC boosted its position in shares of iShares MSCI USA Momentum Factor ETF by 262.2% in the 2nd quarter. Harbor Investment Advisory LLC now owns 163 shares of the company’s stock valued at $39,000 after purchasing an additional 118 shares during the period. WFA of San Diego LLC acquired a new position in shares of iShares MSCI USA Momentum Factor ETF in the 2nd quarter valued at $46,000. GAMMA Investing LLC increased its stake in iShares MSCI USA Momentum Factor ETF by 45.0% in the 2nd quarter. GAMMA Investing LLC now owns 216 shares of the company’s stock worth $52,000 after purchasing an additional 67 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB raised its holdings in iShares MSCI USA Momentum Factor ETF by 397.8% during the 3rd quarter. MassMutual Private Wealth & Trust FSB now owns 224 shares of the company’s stock worth $57,000 after buying an additional 179 shares during the period.

iShares MSCI USA Momentum Factor ETF Price Performance

Shares of MTUM opened at $258.82 on Wednesday. iShares MSCI USA Momentum Factor ETF has a one year low of $168.49 and a one year high of $240.99. The company has a 50-day moving average of $250.28 and a two-hundred day moving average of $248.36. The stock has a market cap of $18.89 billion, a price-to-earnings 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.