Activest Wealth Management bought a new stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM – Free Report) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 4,750 shares of the company’s stock, valued at approximately $1,216,000.
Several other hedge funds and other institutional investors also recently bought and sold shares of the business. TFC Financial Management Inc. acquired a new stake in iShares MSCI USA Momentum Factor ETF during the 3rd quarter valued at approximately $28,000. WFA of San Diego LLC purchased a new position in shares of iShares MSCI USA Momentum Factor ETF during the second quarter worth $46,000. GAMMA Investing LLC lifted its position in iShares MSCI USA Momentum Factor ETF by 45.0% during the second quarter. GAMMA Investing LLC now owns 216 shares of the company’s stock valued at $52,000 after purchasing an additional 67 shares during the period. Hilltop National Bank acquired a new position in iShares MSCI USA Momentum Factor ETF during the second quarter valued at $55,000. Finally, MassMutual Private Wealth & Trust FSB boosted its holdings in iShares MSCI USA Momentum Factor ETF by 397.8% in the third quarter. MassMutual Private Wealth & Trust FSB now owns 224 shares of the company’s stock valued at $57,000 after purchasing an additional 179 shares during the last quarter.
iShares MSCI USA Momentum Factor ETF Stock Performance
Shares of MTUM opened at $260.21 on Thursday. The business’s 50-day moving average is $252.40 and its two-hundred day moving average is $249.76. The company has a market capitalization of $19.00 billion, a P/E 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.
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.
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