Ergawealth Advisors Inc. Buys 1,140 Shares of iShares MSCI USA Momentum Factor ETF $MTUM

Ergawealth Advisors Inc. lifted its stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 35.4% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,361 shares of the company’s stock after acquiring an additional 1,140 shares during the period. iShares MSCI USA Momentum Factor ETF accounts for 0.5% of Ergawealth Advisors Inc.’s portfolio, making the stock its 28th largest position. Ergawealth Advisors Inc.’s holdings in iShares MSCI USA Momentum Factor ETF were worth $1,048,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in MTUM. Cullen Frost Bankers Inc. purchased a new position in iShares MSCI USA Momentum Factor ETF in the first quarter valued at about $26,000. Compass Wealth Management LLC bought a new stake in shares of iShares MSCI USA Momentum Factor ETF in the 1st quarter valued at about $30,000. Cornerstone Planning Group LLC grew its position in shares of iShares MSCI USA Momentum Factor ETF by 140.3% in the 1st quarter. Cornerstone Planning Group LLC now owns 149 shares of the company’s stock worth $30,000 after buying an additional 87 shares during the last quarter. Halbert Hargrove Global Advisors LLC bought a new position in shares of iShares MSCI USA Momentum Factor ETF during the 1st quarter worth approximately $33,000. Finally, Harbor Investment Advisory LLC raised its stake in shares of iShares MSCI USA Momentum Factor ETF by 262.2% during the 2nd quarter. Harbor Investment Advisory LLC now owns 163 shares of the company’s stock worth $39,000 after acquiring an additional 118 shares in the last quarter.

iShares MSCI USA Momentum Factor ETF Stock Up 21.6%

Shares of MTUM opened at $254.15 on Friday. The company has a 50 day moving average of $247.84 and a two-hundred day moving average of $229.67. iShares MSCI USA Momentum Factor ETF has a twelve month low of $168.49 and a twelve month high of $240.99. The company has a market cap of $18.55 billion, a price-to-earnings ratio of 28.67 and a beta of 1.02.

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.