Elevation Point Wealth Partners LLC Purchases 10,375 Shares of iShares MSCI USA Momentum Factor ETF $MTUM

Elevation Point Wealth Partners LLC grew its position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 24.9% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 51,988 shares of the company’s stock after buying an additional 10,375 shares during the period. Elevation Point Wealth Partners LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $12,476,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Mercer Global Advisors Inc. ADV increased its holdings in shares of iShares MSCI USA Momentum Factor ETF by 3.0% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 7,824,890 shares of the company’s stock worth $1,958,649,000 after purchasing an additional 229,850 shares in the last quarter. LPL Financial LLC lifted its holdings in shares of iShares MSCI USA Momentum Factor ETF by 24.7% during the fourth quarter. LPL Financial LLC now owns 3,291,857 shares of the company’s stock valued at $823,985,000 after purchasing an additional 652,414 shares in the last quarter. Raymond James Financial Inc. boosted its position in shares of iShares MSCI USA Momentum Factor ETF by 5.0% during the fourth quarter. Raymond James Financial Inc. now owns 3,215,974 shares of the company’s stock valued at $804,990,000 after buying an additional 152,723 shares during the last quarter. Corient Private Wealth LLC boosted its position in shares of iShares MSCI USA Momentum Factor ETF by 185.9% during the fourth quarter. Corient Private Wealth LLC now owns 2,048,917 shares of the company’s stock valued at $512,864,000 after buying an additional 1,332,181 shares during the last quarter. Finally, Assetmark Inc. increased its holdings in iShares MSCI USA Momentum Factor ETF by 2.5% in the 4th quarter. Assetmark Inc. now owns 1,502,409 shares of the company’s stock worth $376,068,000 after buying an additional 37,278 shares in the last quarter.

iShares MSCI USA Momentum Factor ETF Stock Performance

Shares of BATS:MTUM opened at $316.53 on Friday. iShares MSCI USA Momentum Factor ETF has a fifty-two week low of $229.42 and a fifty-two week high of $345.59. The business has a 50-day simple moving average of $310.97 and a two-hundred day simple moving average of $273.37. The firm has a market cap of $23.11 billion, a price-to-earnings 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.