Horizon Wealth Management LLC purchased a new stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM – Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 2,376 shares of the company’s stock, valued at approximately $570,000.
Other hedge funds have also made changes to their positions in the company. Dagco Inc. purchased a new stake in shares of iShares MSCI USA Momentum Factor ETF during the 4th quarter valued at approximately $25,000. Triumph Capital Management purchased a new position in iShares MSCI USA Momentum Factor ETF in the third quarter worth approximately $25,000. Cary Street Partners Financial LLC purchased a new position in iShares MSCI USA Momentum Factor ETF in the fourth quarter worth approximately $25,000. Eagle Bay Advisors LLC acquired a new stake in iShares MSCI USA Momentum Factor ETF during the fourth quarter worth $26,000. Finally, Financial Network Wealth Advisors LLC increased its stake in iShares MSCI USA Momentum Factor ETF by 176.3% during the fourth quarter. Financial Network Wealth Advisors LLC now owns 105 shares of the company’s stock worth $26,000 after acquiring an additional 67 shares during the last quarter.
iShares MSCI USA Momentum Factor ETF Stock Down 4.3%
BATS:MTUM opened at $328.10 on Thursday. iShares MSCI USA Momentum Factor ETF has a 52 week low of $229.42 and a 52 week high of $345.59. The company has a market capitalization of $23.95 billion, a P/E ratio of 28.67 and a beta of 1.02. The stock’s fifty day moving average is $310.07 and its two-hundred day moving average is $272.90.
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.
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