Elevation Point Wealth Partners LLC Has $2.90 Million Stock Position in iShares MSCI USA Momentum Factor ETF $MTUM

Elevation Point Wealth Partners LLC boosted its holdings in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 106.6% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 11,307 shares of the company’s stock after purchasing an additional 5,833 shares during the period. Elevation Point Wealth Partners LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $2,900,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of MTUM. Caprock Group LLC bought a new stake in shares of iShares MSCI USA Momentum Factor ETF during the 3rd quarter valued at approximately $3,283,000. Acropolis Investment Management LLC lifted its stake in iShares MSCI USA Momentum Factor ETF by 4.5% in the 3rd quarter. Acropolis Investment Management LLC now owns 134,659 shares of the company’s stock valued at $32,361,000 after purchasing an additional 5,813 shares during the last quarter. Strategic Blueprint LLC boosted its position in iShares MSCI USA Momentum Factor ETF by 18.9% in the third quarter. Strategic Blueprint LLC now owns 30,074 shares of the company’s stock valued at $7,713,000 after buying an additional 4,790 shares in the last quarter. Advocacy Wealth Management Services LLC boosted its position in iShares MSCI USA Momentum Factor ETF by 5.7% in the second quarter. Advocacy Wealth Management Services LLC now owns 88,416 shares of the company’s stock valued at $21,248,000 after buying an additional 4,752 shares in the last quarter. Finally, Beacon Financial Group grew its stake in shares of iShares MSCI USA Momentum Factor ETF by 11.0% during the third quarter. Beacon Financial Group now owns 22,212 shares of the company’s stock worth $5,696,000 after buying an additional 2,203 shares during the last quarter.

iShares MSCI USA Momentum Factor ETF Stock Performance

Shares of BATS:MTUM opened at $243.44 on Friday. The company has a fifty day moving average of $253.47 and a 200-day moving average of $251.88. The company has a market capitalization of $17.77 billion, a PE ratio of 28.67 and a beta of 1.02. iShares MSCI USA Momentum Factor ETF has a 52-week low of $171.51 and a 52-week high of $262.10.

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.