Siligmueller & Norvid Wealth Advisors LLC Makes New Investment in iShares MSCI USA Momentum Factor ETF $MTUM

Siligmueller & Norvid Wealth Advisors LLC bought a new position in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) during the 3rd quarter, HoldingsChannel reports. The fund bought 6,947 shares of the company’s stock, valued at approximately $1,782,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Bison Wealth LLC grew its holdings in iShares MSCI USA Momentum Factor ETF by 4.4% in the 4th quarter. Bison Wealth LLC now owns 3,148 shares of the company’s stock valued at $651,000 after buying an additional 133 shares in the last quarter. Empowered Funds LLC purchased a new position in iShares MSCI USA Momentum Factor ETF in the 1st quarter valued at approximately $2,488,000. International Assets Investment Management LLC purchased a new position in iShares MSCI USA Momentum Factor ETF in the second quarter worth approximately $206,000. D.A. Davidson & CO. raised its holdings in shares of iShares MSCI USA Momentum Factor ETF by 148.4% in the 2nd quarter. D.A. Davidson & CO. now owns 25,600 shares of the company’s stock valued at $6,152,000 after purchasing an additional 15,293 shares in the last quarter. Finally, Freedom Investment Management Inc. grew its stake in shares of iShares MSCI USA Momentum Factor ETF by 18.2% during the second quarter. Freedom Investment Management Inc. now owns 3,791 shares of the company’s stock worth $911,000 after purchasing an additional 583 shares in the last quarter.

iShares MSCI USA Momentum Factor ETF Trading Up 0.6%

MTUM stock opened at $254.77 on Friday. The company’s 50 day moving average is $254.08 and its two-hundred day moving average is $251.32. The stock has a market cap of $18.60 billion, a P/E ratio of 28.67 and a beta of 1.02. iShares MSCI USA Momentum Factor ETF has a twelve month low of $171.51 and a twelve month high of $262.10.

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.