Corient Private Wealth LLC Acquires 174,883 Shares of iShares MSCI USA Momentum Factor ETF $MTUM

Corient Private Wealth LLC lifted its stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 24.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 891,619 shares of the company’s stock after buying an additional 174,883 shares during the period. Corient Private Wealth LLC owned approximately 1.22% of iShares MSCI USA Momentum Factor ETF worth $223,181,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Storen Legacy Partners LLC bought a new position in iShares MSCI USA Momentum Factor ETF during the 4th quarter worth approximately $318,000. Rehmann Capital Advisory Group lifted its position in iShares MSCI USA Momentum Factor ETF by 3.5% in the fourth quarter. Rehmann Capital Advisory Group now owns 3,640 shares of the company’s stock valued at $911,000 after purchasing an additional 123 shares during the last quarter. SHP Wealth Management bought a new stake in iShares MSCI USA Momentum Factor ETF in the fourth quarter valued at approximately $1,431,000. WMS Group LLC bought a new stake in iShares MSCI USA Momentum Factor ETF in the fourth quarter valued at approximately $2,917,000. Finally, Sankala Group LLC purchased a new stake in shares of iShares MSCI USA Momentum Factor ETF during the fourth quarter valued at approximately $181,000.

iShares MSCI USA Momentum Factor ETF Price Performance

MTUM stock opened at $338.52 on Friday. iShares MSCI USA Momentum Factor ETF has a twelve month low of $229.42 and a twelve month high of $339.83. 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 $299.59 and a 200 day moving average of $268.14.

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.