iShares MSCI USA Momentum Factor ETF $MTUM Shares Acquired by New England Private Wealth Advisors LLC

New England Private Wealth Advisors LLC raised its stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 4.4% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 10,223 shares of the company’s stock after acquiring an additional 432 shares during the period. New England Private Wealth Advisors LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $2,467,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. Mullooly Asset Management Inc. purchased a new position in shares of iShares MSCI USA Momentum Factor ETF during the first quarter worth about $2,162,511,000. Envestnet Asset Management Inc. boosted its position in shares of iShares MSCI USA Momentum Factor ETF by 9.5% in the 2nd quarter. Envestnet Asset Management Inc. now owns 12,639,702 shares of the company’s stock valued at $3,037,545,000 after purchasing an additional 1,094,104 shares during the period. CHURCHILL MANAGEMENT Corp purchased a new position in iShares MSCI USA Momentum Factor ETF during the 2nd quarter worth approximately $220,286,000. Orgel Wealth Management LLC purchased a new position in iShares MSCI USA Momentum Factor ETF during the 2nd quarter worth approximately $158,559,000. Finally, Park Avenue Securities LLC acquired a new position in iShares MSCI USA Momentum Factor ETF during the second quarter worth approximately $109,923,000.

iShares MSCI USA Momentum Factor ETF Trading Up 20.8%

Shares of BATS MTUM opened at $252.54 on Tuesday. The stock has a market cap of $18.44 billion, a P/E ratio of 28.67 and a beta of 1.02. iShares MSCI USA Momentum Factor ETF has a twelve month low of $168.49 and a twelve month high of $240.99. The stock has a 50 day moving average of $252.98 and a two-hundred day moving average of $240.67.

iShares MSCI USA Momentum Factor ETF Company 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.