Barnes Wealth Management Group Inc grew its position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM – Free Report) by 27.1% in the 4th quarter, HoldingsChannel.com reports. The firm owned 12,356 shares of the company’s stock after purchasing an additional 2,638 shares during the period. iShares MSCI USA Momentum Factor ETF comprises about 1.7% of Barnes Wealth Management Group Inc’s portfolio, making the stock its 16th largest holding. Barnes Wealth Management Group Inc’s holdings in iShares MSCI USA Momentum Factor ETF were worth $3,093,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors also recently made changes to their positions in the company. Dagco Inc. bought a new stake in iShares MSCI USA Momentum Factor ETF in the 4th quarter worth about $25,000. Triumph Capital Management purchased a new stake in iShares MSCI USA Momentum Factor ETF in the 3rd quarter valued at about $25,000. Cary Street Partners Financial LLC bought a new position in shares of iShares MSCI USA Momentum Factor ETF during the 4th quarter worth approximately $25,000. Eagle Bay Advisors LLC bought a new position in shares of iShares MSCI USA Momentum Factor ETF during the 4th quarter worth approximately $26,000. Finally, Financial Network Wealth Advisors LLC boosted its stake in shares of iShares MSCI USA Momentum Factor ETF by 176.3% in the 4th quarter. Financial Network Wealth Advisors LLC now owns 105 shares of the company’s stock worth $26,000 after buying an additional 67 shares during the last quarter.
iShares MSCI USA Momentum Factor ETF Stock Up 3.1%
MTUM stock opened at $338.52 on Friday. The firm has a market cap of $24.71 billion, a PE ratio of 28.67 and a beta of 1.02. The business has a 50 day moving average of $298.01 and a 200-day moving average of $267.65. iShares MSCI USA Momentum Factor ETF has a 12-month low of $229.42 and a 12-month high of $339.83.
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.
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Want to see what other hedge funds are holding MTUM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares MSCI USA Momentum Factor ETF (BATS:MTUM – Free Report).
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