Kingsview Wealth Management LLC Increases Holdings in iShares MSCI USA Momentum Factor ETF $MTUM

Kingsview Wealth Management LLC increased its holdings in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 47.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 5,501 shares of the company’s stock after purchasing an additional 1,782 shares during the period. Kingsview Wealth Management LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $1,377,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Dagco Inc. purchased a new stake in shares of iShares MSCI USA Momentum Factor ETF during the 4th quarter valued at about $25,000. Triumph Capital Management purchased a new stake in shares of iShares MSCI USA Momentum Factor ETF during the 3rd quarter valued at about $25,000. Cary Street Partners Financial LLC purchased a new stake in shares of iShares MSCI USA Momentum Factor ETF during the 4th quarter valued at about $25,000. Eagle Bay Advisors LLC purchased a new stake in shares of iShares MSCI USA Momentum Factor ETF during the 4th quarter valued at about $26,000. Finally, United Financial Planning Group LLC purchased a new stake in shares of iShares MSCI USA Momentum Factor ETF during the 3rd quarter valued at about $28,000.

iShares MSCI USA Momentum Factor ETF Stock Performance

Shares of BATS:MTUM opened at $315.81 on Monday. The company has a market cap of $23.05 billion, a P/E ratio of 28.67 and a beta of 1.02. iShares MSCI USA Momentum Factor ETF has a one year low of $228.53 and a one year high of $317.98. The business’s 50-day simple moving average is $275.97 and its 200 day simple moving average is $260.08.

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.