Summit Wealth Group LLC Co. Acquires Shares of 7,350 iShares MSCI USA Momentum Factor ETF $MTUM

Summit Wealth Group LLC Co. purchased a new position in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 7,350 shares of the company’s stock, valued at approximately $1,840,000.

A number of other hedge funds have also made changes to their positions in the stock. Raymond James Financial Inc. grew its position in shares of iShares MSCI USA Momentum Factor ETF by 4.1% during the third quarter. Raymond James Financial Inc. now owns 3,063,251 shares of the company’s stock worth $785,571,000 after buying an additional 120,851 shares in the last quarter. Assetmark Inc. grew 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 buying an additional 37,278 shares in the last quarter. Ameriprise Financial Inc. grew its position in shares of iShares MSCI USA Momentum Factor ETF by 7.4% during the third quarter. Ameriprise Financial Inc. now owns 1,321,883 shares of the company’s stock worth $339,023,000 after buying an additional 90,841 shares in the last quarter. State of Michigan Retirement System grew its position in shares of iShares MSCI USA Momentum Factor ETF by 5.2% during the fourth quarter. State of Michigan Retirement System now owns 1,287,290 shares of the company’s stock worth $322,222,000 after buying an additional 63,800 shares in the last quarter. Finally, Blue Trust Inc. grew its position in shares of iShares MSCI USA Momentum Factor ETF by 9.6% during the fourth quarter. Blue Trust Inc. now owns 1,242,390 shares of the company’s stock worth $310,983,000 after buying an additional 108,825 shares in the last quarter.

iShares MSCI USA Momentum Factor ETF Trading Down 1.1%

MTUM stock opened at $303.24 on Wednesday. iShares MSCI USA Momentum Factor ETF has a twelve month low of $223.47 and a twelve month high of $307.86. The company has a market capitalization of $22.14 billion, a P/E ratio of 28.67 and a beta of 1.02. The firm has a 50 day simple moving average of $260.93 and a 200-day simple moving average of $255.33.

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.