Vantus Wealth LLC Purchases New Shares in iShares MSCI USA Momentum Factor ETF $MTUM

Vantus Wealth LLC purchased a new stake in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) during the fourth quarter, HoldingsChannel reports. The fund purchased 3,332 shares of the company’s stock, valued at approximately $834,000.

A number of other hedge funds also recently bought and sold shares of MTUM. Focus Partners Wealth raised its stake in iShares MSCI USA Momentum Factor ETF by 2,939.7% during the third quarter. Focus Partners Wealth now owns 927,145 shares of the company’s stock valued at $237,766,000 after purchasing an additional 896,644 shares in the last quarter. Envestnet Portfolio Solutions Inc. raised its stake in iShares MSCI USA Momentum Factor ETF by 55.3% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 721,042 shares of the company’s stock valued at $180,484,000 after purchasing an additional 256,639 shares in the last quarter. CWM LLC raised its stake in iShares MSCI USA Momentum Factor ETF by 25.3% during the fourth quarter. CWM LLC now owns 1,141,425 shares of the company’s stock valued at $285,710,000 after purchasing an additional 230,310 shares in the last quarter. Park Avenue Securities LLC increased its position in iShares MSCI USA Momentum Factor ETF by 35.7% during the fourth quarter. Park Avenue Securities LLC now owns 711,023 shares of the company’s stock valued at $177,976,000 after acquiring an additional 187,155 shares during the last quarter. Finally, Symmetry Partners LLC increased its position in iShares MSCI USA Momentum Factor ETF by 71.8% during the fourth quarter. Symmetry Partners LLC now owns 416,566 shares of the company’s stock valued at $104,271,000 after acquiring an additional 174,074 shares during the last quarter.

iShares MSCI USA Momentum Factor ETF Stock Up 0.4%

MTUM stock opened at $316.93 on Tuesday. iShares MSCI USA Momentum Factor ETF has a twelve month low of $229.29 and a twelve month high of $318.62. The stock has a market capitalization of $23.14 billion, a price-to-earnings ratio of 28.67 and a beta of 1.02. The firm’s fifty day simple moving average is $277.37 and its two-hundred day simple moving average is $260.54.

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.