Sax Wealth Advisors LLC Grows Position in iShares MSCI USA Momentum Factor ETF $MTUM

Sax Wealth Advisors LLC increased its stake in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 18.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 25,046 shares of the company’s stock after acquiring an additional 3,836 shares during the quarter. Sax Wealth Advisors LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $6,269,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of MTUM. Triumph Capital Management bought a new stake in iShares MSCI USA Momentum Factor ETF in the 3rd quarter valued at $25,000. Dagco Inc. bought a new position in shares of iShares MSCI USA Momentum Factor ETF during the 4th quarter valued at about $25,000. TFC Financial Management Inc. purchased a new position in shares of iShares MSCI USA Momentum Factor ETF during the third quarter valued at about $28,000. United Financial Planning Group LLC purchased a new position in shares of iShares MSCI USA Momentum Factor ETF during the third quarter valued at about $28,000. Finally, Howe & Rusling Inc. increased its holdings in shares of iShares MSCI USA Momentum Factor ETF by 425.0% in the third quarter. Howe & Rusling Inc. now owns 126 shares of the company’s stock worth $32,000 after purchasing an additional 102 shares during the last quarter.

iShares MSCI USA Momentum Factor ETF Trading Up 0.7%

Shares of MTUM stock opened at $247.18 on Thursday. The stock has a market capitalization of $18.04 billion, a price-to-earnings ratio of 28.67 and a beta of 1.02. iShares MSCI USA Momentum Factor ETF has a 12-month low of $171.51 and a 12-month high of $262.10. The stock’s 50-day moving average price is $251.73 and its 200-day moving average price is $251.98.

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.