Quadrant Private Wealth Management LLC Grows Stake in iShares MSCI USA Momentum Factor ETF $MTUM

Quadrant Private Wealth Management LLC lifted its holdings in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 12.1% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 17,795 shares of the company’s stock after acquiring an additional 1,915 shares during the period. Quadrant Private Wealth Management LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $4,271,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in MTUM. Triumph Capital Management purchased a new position in iShares MSCI USA Momentum Factor ETF in the third quarter valued at approximately $25,000. Cary Street Partners Financial LLC acquired a new position in shares of iShares MSCI USA Momentum Factor ETF in the 4th quarter valued at $25,000. Dagco Inc. acquired a new position in shares of iShares MSCI USA Momentum Factor ETF in the 4th quarter valued at $25,000. Eagle Bay Advisors LLC acquired a new position in shares of iShares MSCI USA Momentum Factor ETF in the 4th quarter valued at $26,000. Finally, Financial Network Wealth Advisors LLC grew its position in shares of iShares MSCI USA Momentum Factor ETF by 176.3% in the 4th quarter. Financial Network Wealth Advisors LLC now owns 105 shares of the company’s stock valued at $26,000 after buying an additional 67 shares during the last quarter.

iShares MSCI USA Momentum Factor ETF Price Performance

Shares of BATS:MTUM opened at $302.09 on Friday. The company’s fifty day moving average price is $317.45 and its 200 day moving average price is $278.11. iShares MSCI USA Momentum Factor ETF has a 12 month low of $229.42 and a 12 month high of $345.59. The firm has a market capitalization of $22.05 billion, a P/E 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.