Diversify Wealth Management LLC Purchases 11,278 Shares of iShares MSCI USA Momentum Factor ETF $MTUM

Diversify Wealth Management LLC grew its holdings in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 56.1% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 31,398 shares of the company’s stock after acquiring an additional 11,278 shares during the quarter. Diversify Wealth Management LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $7,535,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Braun Bostich & Associates Inc. boosted its stake in shares of iShares MSCI USA Momentum Factor ETF by 63.4% in the fourth quarter. Braun Bostich & Associates Inc. now owns 11,497 shares of the company’s stock valued at $2,878,000 after buying an additional 4,463 shares during the period. BCGM Wealth Management LLC increased its stake in iShares MSCI USA Momentum Factor ETF by 45.0% during the 4th quarter. BCGM Wealth Management LLC now owns 25,663 shares of the company’s stock worth $6,424,000 after acquiring an additional 7,960 shares during the period. Cypress Wealth Services LLC increased its stake in iShares MSCI USA Momentum Factor ETF by 63.6% during the 4th quarter. Cypress Wealth Services LLC now owns 14,772 shares of the company’s stock worth $3,698,000 after acquiring an additional 5,740 shares during the period. Flagship Capital Management Inc. acquired a new position in iShares MSCI USA Momentum Factor ETF in the 4th quarter valued at $1,779,000. Finally, Assetmark Inc. raised its holdings in iShares MSCI USA Momentum Factor ETF by 2.5% in the 4th quarter. Assetmark Inc. now owns 1,502,409 shares of the company’s stock valued at $376,068,000 after acquiring an additional 37,278 shares in the last quarter.

iShares MSCI USA Momentum Factor ETF Stock Performance

BATS:MTUM opened at $321.77 on Monday. The company has a market cap of $23.49 billion, a price-to-earnings ratio of 28.67 and a beta of 1.02. 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 stock has a fifty day moving average price of $315.79 and a 200-day moving average price of $276.32.

iShares MSCI USA Momentum Factor ETF 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.