iShares MSCI USA Momentum Factor ETF $MTUM Stock Holdings Lifted by FLP Wealth Management LLC

FLP Wealth Management LLC increased its stake in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 1,409.8% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 13,679 shares of the company’s stock after acquiring an additional 12,773 shares during the quarter. iShares MSCI USA Momentum Factor ETF accounts for 5.4% of FLP Wealth Management LLC’s portfolio, making the stock its 4th biggest position. FLP Wealth Management LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $3,283,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of MTUM. Bogart Wealth LLC boosted its holdings in iShares MSCI USA Momentum Factor ETF by 25.7% during the 1st quarter. Bogart Wealth LLC now owns 646 shares of the company’s stock worth $155,000 after acquiring an additional 132 shares during the last quarter. Fortitude Advisory Group L.L.C. purchased a new stake in shares of iShares MSCI USA Momentum Factor ETF in the first quarter valued at about $240,000. Indiana Trust & Investment Management Co bought a new position in shares of iShares MSCI USA Momentum Factor ETF during the first quarter valued at about $26,000. Ascentis Independent Advisors lifted its position in shares of iShares MSCI USA Momentum Factor ETF by 135.1% during the first quarter. Ascentis Independent Advisors now owns 12,833 shares of the company’s stock valued at $3,080,000 after purchasing an additional 7,374 shares in the last quarter. Finally, B.O.S.S. Retirement Advisors LLC lifted its position in shares of iShares MSCI USA Momentum Factor ETF by 3.5% during the first quarter. B.O.S.S. Retirement Advisors LLC now owns 14,086 shares of the company’s stock valued at $3,381,000 after purchasing an additional 471 shares in the last quarter.

iShares MSCI USA Momentum Factor ETF Stock Performance

iShares MSCI USA Momentum Factor ETF stock opened at $316.53 on Monday. iShares MSCI USA Momentum Factor ETF has a fifty-two week low of $229.42 and a fifty-two week high of $345.59. The firm’s 50-day simple moving average is $311.78 and its 200 day simple moving average is $273.85. The stock has a market cap of $23.11 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.