Elevation Point Wealth Partners LLC Acquires 10,375 Shares of iShares MSCI USA Momentum Factor ETF $MTUM

Elevation Point Wealth Partners LLC lifted its holdings in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 24.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 51,988 shares of the company’s stock after buying an additional 10,375 shares during the quarter. Elevation Point Wealth Partners LLC owned approximately 0.07% of iShares MSCI USA Momentum Factor ETF worth $12,476,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of MTUM. Bison Wealth LLC grew its holdings in iShares MSCI USA Momentum Factor ETF by 4.4% in the fourth quarter. Bison Wealth LLC now owns 3,148 shares of the company’s stock worth $651,000 after purchasing an additional 133 shares during the period. Empowered Funds LLC purchased a new position in shares of iShares MSCI USA Momentum Factor ETF during the first quarter valued at approximately $2,488,000. Russell Investments Group Ltd. boosted its position in shares of iShares MSCI USA Momentum Factor ETF by 15.1% in the 2nd quarter. Russell Investments Group Ltd. now owns 973 shares of the company’s stock worth $234,000 after purchasing an additional 128 shares in the last quarter. First Trust Advisors LP bought a new stake in shares of iShares MSCI USA Momentum Factor ETF in the 2nd quarter worth approximately $350,000. Finally, Qube Research & Technologies Ltd boosted its position in shares of iShares MSCI USA Momentum Factor ETF by 543.9% in the 2nd quarter. Qube Research & Technologies Ltd now owns 127,461 shares of the company’s stock worth $30,631,000 after purchasing an additional 107,665 shares in the last quarter.

iShares MSCI USA Momentum Factor ETF Stock Down 3.5%

iShares MSCI USA Momentum Factor ETF stock opened at $316.53 on Friday. iShares MSCI USA Momentum Factor ETF has a twelve month low of $229.42 and a twelve month high of $345.59. The company has a market capitalization of $23.11 billion, a P/E ratio of 28.67 and a beta of 1.02. The stock’s 50 day moving average is $310.97 and its 200 day moving average is $273.37.

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.