Advocacy Wealth Management LLC Increases Stock Position in iShares MSCI USA Momentum Factor ETF $MTUM

Advocacy Wealth Management LLC grew its stake in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 102.4% during the fourth quarter, HoldingsChannel.com reports. The fund owned 188,869 shares of the company’s stock after buying an additional 95,544 shares during the quarter. iShares MSCI USA Momentum Factor ETF accounts for about 2.0% of Advocacy Wealth Management LLC’s portfolio, making the stock its 15th biggest position. Advocacy Wealth Management LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $47,276,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in MTUM. Focus Partners Wealth lifted its stake in shares of iShares MSCI USA Momentum Factor ETF by 2,939.7% in the 3rd quarter. Focus Partners Wealth now owns 927,145 shares of the company’s stock worth $237,766,000 after purchasing an additional 896,644 shares during the period. LPL Financial LLC lifted its stake in shares of iShares MSCI USA Momentum Factor ETF by 24.7% in the 4th quarter. LPL Financial LLC now owns 3,291,857 shares of the company’s stock worth $823,985,000 after purchasing an additional 652,414 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of iShares MSCI USA Momentum Factor ETF by 32.2% in the 4th quarter. JPMorgan Chase & Co. now owns 1,151,084 shares of the company’s stock worth $288,128,000 after purchasing an additional 280,192 shares during the period. Envestnet Portfolio Solutions Inc. lifted its stake in shares of iShares MSCI USA Momentum Factor ETF by 55.3% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 721,042 shares of the company’s stock worth $180,484,000 after purchasing an additional 256,639 shares during the period. Finally, CWM LLC lifted its stake in shares of iShares MSCI USA Momentum Factor ETF by 25.3% in the 4th quarter. CWM LLC now owns 1,141,425 shares of the company’s stock worth $285,710,000 after purchasing an additional 230,310 shares during the period.

iShares MSCI USA Momentum Factor ETF Stock Up 2.8%

Shares of BATS:MTUM opened at $315.08 on Tuesday. The firm’s 50 day moving average price is $285.09 and its 200-day moving average price is $263.18. iShares MSCI USA Momentum Factor ETF has a twelve month low of $229.29 and a twelve month high of $331.49. The stock has a market capitalization of $23.00 billion, a PE 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.