Institute for Wealth Management LLC. Raises Stake in iShares MSCI USA Momentum Factor ETF $MTUM

Institute for Wealth Management LLC. grew its stake in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 11.6% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,012 shares of the company’s stock after purchasing an additional 418 shares during the quarter. Institute for Wealth Management LLC.’s holdings in iShares MSCI USA Momentum Factor ETF were worth $964,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the stock. Mullooly Asset Management Inc. purchased a new stake in shares of iShares MSCI USA Momentum Factor ETF during the first quarter valued at $2,162,511,000. Raymond James Financial Inc. boosted its stake in shares of iShares MSCI USA Momentum Factor ETF by 5.5% during the first quarter. Raymond James Financial Inc. now owns 2,929,874 shares of the company’s stock valued at $592,215,000 after purchasing an additional 151,872 shares during the period. LPL Financial LLC raised its holdings in shares of iShares MSCI USA Momentum Factor ETF by 0.3% in the first quarter. LPL Financial LLC now owns 1,960,110 shares of the company’s stock valued at $396,197,000 after acquiring an additional 5,473 shares in the last quarter. Assetmark Inc. raised its holdings in shares of iShares MSCI USA Momentum Factor ETF by 3.5% in the first quarter. Assetmark Inc. now owns 1,812,820 shares of the company’s stock valued at $366,425,000 after acquiring an additional 61,915 shares in the last quarter. Finally, State of Michigan Retirement System raised its holdings in shares of iShares MSCI USA Momentum Factor ETF by 0.3% in the first quarter. State of Michigan Retirement System now owns 1,295,090 shares of the company’s stock valued at $261,777,000 after acquiring an additional 4,200 shares in the last quarter.

iShares MSCI USA Momentum Factor ETF Price Performance

MTUM stock opened at $256.01 on Thursday. The business has a 50-day moving average price of $247.26 and a 200 day moving average price of $229.14. The company has a market capitalization of $18.69 billion, a P/E ratio of 28.67 and a beta of 1.02. iShares MSCI USA Momentum Factor ETF has a 1-year low of $168.49 and a 1-year high of $240.99.

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.