Arax Advisory Partners Invests $3.66 Million in iShares MSCI USA Momentum Factor ETF $MTUM

Arax Advisory Partners purchased a new position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 14,628 shares of the company’s stock, valued at approximately $3,661,000.

A number of other large investors also recently bought and sold shares of the business. Caliber Wealth Management LLC KS raised its holdings in iShares MSCI USA Momentum Factor ETF by 0.4% in the 4th quarter. Caliber Wealth Management LLC KS now owns 9,680 shares of the company’s stock worth $2,423,000 after purchasing an additional 39 shares during the period. Traction Financial Partners LLC raised its holdings in iShares MSCI USA Momentum Factor ETF by 3.4% in the 4th quarter. Traction Financial Partners LLC now owns 1,206 shares of the company’s stock worth $302,000 after purchasing an additional 40 shares during the period. Lunt Capital Management Inc. raised its holdings in iShares MSCI USA Momentum Factor ETF by 3.0% in the 4th quarter. Lunt Capital Management Inc. now owns 1,500 shares of the company’s stock worth $375,000 after purchasing an additional 43 shares during the period. Venturi Wealth Management LLC raised its holdings in iShares MSCI USA Momentum Factor ETF by 1.2% in the 4th quarter. Venturi Wealth Management LLC now owns 3,942 shares of the company’s stock worth $987,000 after purchasing an additional 45 shares during the period. Finally, Mutual Advisors LLC raised its holdings in 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 worth $1,434,000 after purchasing an additional 45 shares during the period.

iShares MSCI USA Momentum Factor ETF Stock Performance

BATS MTUM opened at $324.40 on Monday. The stock has a market capitalization of $23.68 billion, a price-to-earnings ratio of 28.67 and a beta of 1.02. iShares MSCI USA Momentum Factor ETF has a twelve month low of $229.42 and a twelve month high of $331.49. The stock has a 50-day moving average of $291.25 and a 200 day moving average of $265.28.

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.