Decker Wealth Management LLC Makes New $1.50 Million Investment in iShares MSCI USA Momentum Factor ETF $MTUM

Decker Wealth Management LLC acquired a new stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 6,252 shares of the company’s stock, valued at approximately $1,500,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of MTUM. Corient Private Wealth LLC raised its holdings in iShares MSCI USA Momentum Factor ETF by 185.9% during the 4th quarter. Corient Private Wealth LLC now owns 2,048,917 shares of the company’s stock valued at $512,864,000 after buying an additional 1,332,181 shares during the last quarter. LPL Financial LLC grew its holdings in iShares MSCI USA Momentum Factor ETF by 24.7% in the 4th quarter. LPL Financial LLC now owns 3,291,857 shares of the company’s stock worth $823,985,000 after acquiring an additional 652,414 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in iShares MSCI USA Momentum Factor ETF by 32.2% in the 4th quarter. JPMorgan Chase & Co. now owns 1,151,084 shares of the company’s stock worth $288,128,000 after acquiring an additional 280,192 shares during the last quarter. Envestnet Portfolio Solutions Inc. grew its holdings in iShares MSCI USA Momentum Factor ETF by 55.3% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 721,042 shares of the company’s stock worth $180,484,000 after acquiring an additional 256,639 shares during the last quarter. Finally, CWM LLC increased its position in shares of iShares MSCI USA Momentum Factor ETF by 25.3% in the fourth quarter. CWM LLC now owns 1,141,425 shares of the company’s stock valued at $285,710,000 after acquiring an additional 230,310 shares during the period.

iShares MSCI USA Momentum Factor ETF Stock Performance

Shares of BATS:MTUM opened at $302.09 on Monday. The company has a market cap of $22.05 billion, a price-to-earnings ratio of 28.67 and a beta of 1.02. The company has a 50-day moving average price of $317.45 and a 200-day moving average price of $278.29. iShares MSCI USA Momentum Factor ETF has a 12 month low of $229.42 and a 12 month high of $345.59.

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.