Ashton Thomas Securities LLC Makes New $1.95 Million Investment in iShares MSCI USA Momentum Factor ETF $MTUM

Ashton Thomas Securities LLC purchased a new position in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 8,126 shares of the company’s stock, valued at approximately $1,949,000.

Other hedge funds have also recently modified their holdings of the company. Cary Street Partners Financial LLC acquired a new stake in iShares MSCI USA Momentum Factor ETF in the 4th quarter worth approximately $25,000. Triumph Capital Management acquired a new position in iShares MSCI USA Momentum Factor ETF during the 3rd quarter valued at approximately $25,000. Eagle Bay Advisors LLC purchased a new position in shares of iShares MSCI USA Momentum Factor ETF in the fourth quarter worth $26,000. Financial Network Wealth Advisors LLC raised its holdings in shares of iShares MSCI USA Momentum Factor ETF by 176.3% in the fourth quarter. Financial Network Wealth Advisors LLC now owns 105 shares of the company’s stock worth $26,000 after buying an additional 67 shares during the last quarter. Finally, Turtle Creek Wealth Advisors LLC acquired a new stake in shares of iShares MSCI USA Momentum Factor ETF during the first quarter worth $26,000.

iShares MSCI USA Momentum Factor ETF Price Performance

Shares of MTUM opened at $283.11 on Thursday. The firm has a market capitalization of $20.67 billion, a PE ratio of 28.67 and a beta of 1.02. iShares MSCI USA Momentum Factor ETF has a 1-year low of $229.42 and a 1-year high of $345.59. The company’s fifty day moving average price is $317.89 and its 200-day moving average price is $281.11.

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.