Soltis Investment Advisors LLC purchased a new stake in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM – Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 2,678 shares of the company’s stock, valued at approximately $670,000.
A number of other large investors have also added to or reduced their stakes in MTUM. Dagco Inc. purchased a new stake in iShares MSCI USA Momentum Factor ETF during the fourth quarter valued at about $25,000. Triumph Capital Management purchased a new stake in iShares MSCI USA Momentum Factor ETF during the third quarter valued at about $25,000. Eagle Bay Advisors LLC purchased a new position in shares of iShares MSCI USA Momentum Factor ETF in the fourth quarter worth about $26,000. United Financial Planning Group LLC purchased a new position in shares of iShares MSCI USA Momentum Factor ETF in the third quarter worth 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 buying an additional 102 shares during the period.
iShares MSCI USA Momentum Factor ETF Trading Down 1.3%
MTUM opened at $294.32 on Tuesday. The company has a market cap of $21.49 billion, a P/E ratio of 28.67 and a beta of 1.02. The business’s 50-day moving average price is $265.07 and its 200-day moving average price is $256.61. iShares MSCI USA Momentum Factor ETF has a 12 month low of $223.47 and a 12 month high of $307.96.
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.
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