Beacon Financial Group Increases Stock Holdings in iShares MSCI USA Momentum Factor ETF $MTUM

Beacon Financial Group grew its stake in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 5.0% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 40,113 shares of the company’s stock after purchasing an additional 1,912 shares during the quarter. iShares MSCI USA Momentum Factor ETF makes up about 1.0% of Beacon Financial Group’s holdings, making the stock its 26th biggest position. Beacon Financial Group owned 0.05% of iShares MSCI USA Momentum Factor ETF worth $9,627,000 as of its most recent filing with the Securities and Exchange Commission.

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

iShares MSCI USA Momentum Factor ETF Stock Performance

iShares MSCI USA Momentum Factor ETF stock opened at $321.20 on Friday. The company has a market capitalization of $23.45 billion, a P/E 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 50-day simple moving average of $314.91 and a 200-day simple moving average of $275.84.

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.