Archvest Wealth Advisors Inc. Boosts Position in iShares MSCI USA Momentum Factor ETF $MTUM

Archvest Wealth Advisors Inc. boosted its holdings in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 19.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 21,349 shares of the company’s stock after acquiring an additional 3,525 shares during the quarter. iShares MSCI USA Momentum Factor ETF accounts for about 1.5% of Archvest Wealth Advisors Inc.’s portfolio, making the stock its 10th largest position. Archvest Wealth Advisors Inc.’s holdings in iShares MSCI USA Momentum Factor ETF were worth $5,344,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Caliber Wealth Management LLC KS grew its holdings in iShares MSCI USA Momentum Factor ETF by 0.4% during the 4th quarter. Caliber Wealth Management LLC KS now owns 9,680 shares of the company’s stock worth $2,423,000 after acquiring an additional 39 shares during the last quarter. Traction Financial Partners LLC grew its holdings in iShares MSCI USA Momentum Factor ETF by 3.4% during the 4th quarter. Traction Financial Partners LLC now owns 1,206 shares of the company’s stock worth $302,000 after acquiring an additional 40 shares during the last quarter. Lunt Capital Management Inc. grew its holdings in iShares MSCI USA Momentum Factor ETF by 3.0% during the 4th quarter. Lunt Capital Management Inc. now owns 1,500 shares of the company’s stock worth $375,000 after acquiring an additional 43 shares during the last quarter. Venturi Wealth Management LLC grew its holdings in iShares MSCI USA Momentum Factor ETF by 1.2% during the 4th quarter. Venturi Wealth Management LLC now owns 3,942 shares of the company’s stock worth $987,000 after acquiring an additional 45 shares during the last quarter. Finally, Mutual Advisors LLC boosted its stake in shares of iShares MSCI USA Momentum Factor ETF by 0.8% in the 4th quarter. Mutual Advisors LLC now owns 5,728 shares of the company’s stock valued at $1,434,000 after purchasing an additional 45 shares during the last quarter.

iShares MSCI USA Momentum Factor ETF Stock Performance

BATS:MTUM opened at $329.50 on Thursday. The firm’s fifty day moving average is $280.76 and its 200-day moving average is $261.65. iShares MSCI USA Momentum Factor ETF has a 52 week low of $229.29 and a 52 week high of $331.49. The firm has a market cap of $24.05 billion, a P/E 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.