WealthPoint Financial LLC Makes New $464,000 Investment in iShares MSCI USA Momentum Factor ETF $MTUM

WealthPoint Financial LLC bought a new stake in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 1,854 shares of the company’s stock, valued at approximately $464,000.

Several other large investors have also modified their holdings of MTUM. Claris Financial LLC purchased a new stake in shares of iShares MSCI USA Momentum Factor ETF in the 4th quarter worth approximately $8,854,000. Axxcess Wealth Management LLC increased its holdings in iShares MSCI USA Momentum Factor ETF by 36.0% during the fourth quarter. Axxcess Wealth Management LLC now owns 3,988 shares of the company’s stock valued at $998,000 after buying an additional 1,055 shares during the period. Corient Private Wealth LLC raised its stake in iShares MSCI USA Momentum Factor ETF by 185.9% in the fourth quarter. Corient Private Wealth LLC now owns 2,048,917 shares of the company’s stock worth $512,864,000 after buying an additional 1,332,181 shares in the last quarter. High Falls Advisors Inc raised its stake in iShares MSCI USA Momentum Factor ETF by 60.6% in the fourth quarter. High Falls Advisors Inc now owns 49,463 shares of the company’s stock worth $12,381,000 after buying an additional 18,668 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV lifted its holdings in iShares MSCI USA Momentum Factor ETF by 3.0% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 7,824,890 shares of the company’s stock worth $1,958,649,000 after buying an additional 229,850 shares during the period.

iShares MSCI USA Momentum Factor ETF Trading Up 3.1%

Shares of BATS MTUM opened at $338.52 on Friday. iShares MSCI USA Momentum Factor ETF has a 12-month low of $229.42 and a 12-month high of $339.83. The stock’s fifty day simple moving average is $298.01 and its two-hundred day simple moving average is $267.65. The stock has a market capitalization of $24.71 billion, a PE ratio of 28.67 and a beta of 1.02.

About iShares MSCI USA Momentum Factor ETF

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.