iShares MSCI USA Momentum Factor ETF $MTUM Shares Acquired by Wealth Alliance LLC

Wealth Alliance LLC increased its holdings in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 12.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 20,809 shares of the company’s stock after purchasing an additional 2,333 shares during the quarter. Wealth Alliance LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $5,336,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Envestnet Asset Management Inc. raised its holdings in iShares MSCI USA Momentum Factor ETF by 9.5% during the second quarter. Envestnet Asset Management Inc. now owns 12,639,702 shares of the company’s stock worth $3,037,545,000 after purchasing an additional 1,094,104 shares in the last quarter. Raymond James Financial Inc. grew its position in shares of iShares MSCI USA Momentum Factor ETF by 0.4% in the 2nd quarter. Raymond James Financial Inc. now owns 2,942,400 shares of the company’s stock valued at $707,117,000 after buying an additional 12,526 shares during the last quarter. Assetmark Inc. raised its stake in iShares MSCI USA Momentum Factor ETF by 2.4% during the 2nd quarter. Assetmark Inc. now owns 1,855,684 shares of the company’s stock worth $445,958,000 after acquiring an additional 42,864 shares in the last quarter. Ameriprise Financial Inc. lifted its position in iShares MSCI USA Momentum Factor ETF by 15.8% in the second quarter. Ameriprise Financial Inc. now owns 1,231,042 shares of the company’s stock valued at $295,986,000 after acquiring an additional 168,340 shares during the last quarter. Finally, State of Michigan Retirement System lifted its position in iShares MSCI USA Momentum Factor ETF by 1.4% in the third quarter. State of Michigan Retirement System now owns 1,223,490 shares of the company’s stock valued at $313,764,000 after acquiring an additional 17,400 shares during the last quarter.

iShares MSCI USA Momentum Factor ETF Stock Performance

Shares of MTUM stock opened at $254.10 on Friday. The stock’s 50-day moving average is $253.97 and its two-hundred day moving average is $251.23. iShares MSCI USA Momentum Factor ETF has a 1 year low of $171.51 and a 1 year high of $262.10. The firm has a market cap of $18.55 billion, a price-to-earnings ratio of 28.67 and a beta of 1.02.

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.