Belpointe Asset Management LLC Acquires 3,789 Shares of iShares MSCI USA Momentum Factor ETF $MTUM

Belpointe Asset Management LLC increased its stake in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 88.9% in the third quarter, Holdings Channel reports. The firm owned 8,050 shares of the company’s stock after buying an additional 3,789 shares during the quarter. Belpointe Asset Management LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $2,065,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Bison Wealth LLC grew its holdings in iShares MSCI USA Momentum Factor ETF by 4.4% during the fourth quarter. Bison Wealth LLC now owns 3,148 shares of the company’s stock valued at $651,000 after purchasing an additional 133 shares during the period. Empowered Funds LLC acquired a new position in shares of iShares MSCI USA Momentum Factor ETF in the 1st quarter valued at $2,488,000. GAMMA Investing LLC increased its position in shares of 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 valued at $52,000 after buying an additional 67 shares in the last quarter. Signaturefd LLC raised its stake in iShares MSCI USA Momentum Factor ETF by 69.0% during the 2nd quarter. Signaturefd LLC now owns 1,193 shares of the company’s stock worth $287,000 after buying an additional 487 shares during the period. Finally, LexAurum Advisors LLC bought a new position in iShares MSCI USA Momentum Factor ETF during the second quarter worth about $280,000.

iShares MSCI USA Momentum Factor ETF Trading Up 24.5%

BATS:MTUM opened at $260.13 on Wednesday. iShares MSCI USA Momentum Factor ETF has a 1 year low of $168.49 and a 1 year high of $240.99. The stock has a 50-day moving average price of $252.05 and a two-hundred day moving average price of $249.69. The stock has a market cap of $18.99 billion, a price-to-earnings ratio of 28.67 and a beta of 1.02.

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.