Sound Portfolio Advisors LLC Buys New Position in iShares MSCI USA Momentum Factor ETF $MTUM

Sound Portfolio Advisors LLC bought a new stake in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 24,890 shares of the company’s stock, valued at approximately $6,230,000. iShares MSCI USA Momentum Factor ETF makes up approximately 5.2% of Sound Portfolio Advisors LLC’s holdings, making the stock its 6th largest holding.

Other hedge funds also recently added to or reduced their stakes in the company. Triumph Capital Management acquired a new position in iShares MSCI USA Momentum Factor ETF during the 3rd quarter valued at about $25,000. Dagco Inc. acquired a new position in iShares MSCI USA Momentum Factor ETF during the 4th quarter valued at about $25,000. Eagle Bay Advisors LLC purchased a new stake in iShares MSCI USA Momentum Factor ETF during the 4th quarter valued at about $26,000. United Financial Planning Group LLC purchased a new stake in iShares MSCI USA Momentum Factor ETF during the 3rd quarter valued at about $28,000. Finally, Howe & Rusling Inc. grew its stake in iShares MSCI USA Momentum Factor ETF by 425.0% during the 3rd quarter. Howe & Rusling Inc. now owns 126 shares of the company’s stock valued at $32,000 after purchasing an additional 102 shares during the last quarter.

iShares MSCI USA Momentum Factor ETF Stock Performance

iShares MSCI USA Momentum Factor ETF stock opened at $298.27 on Friday. The business’s 50-day simple moving average is $264.12 and its two-hundred day simple moving average is $256.36. The company has a market cap of $21.77 billion, a PE ratio of 28.67 and a beta of 1.02. iShares MSCI USA Momentum Factor ETF has a fifty-two week low of $223.47 and a fifty-two week high of $307.96.

iShares MSCI USA Momentum Factor ETF 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.