Money Concepts Capital Corp Has $570,000 Stake in iShares MSCI USA Momentum Factor ETF $MTUM

Money Concepts Capital Corp lowered its position in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 83.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,375 shares of the company’s stock after selling 12,313 shares during the quarter. Money Concepts Capital Corp’s holdings in iShares MSCI USA Momentum Factor ETF were worth $570,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. W Advisors LLC lifted its stake in shares of iShares MSCI USA Momentum Factor ETF by 10.7% in the 1st quarter. W Advisors LLC now owns 4,407 shares of the company’s stock valued at $1,058,000 after purchasing an additional 426 shares during the period. Richmond Investment Services LLC grew its stake in iShares MSCI USA Momentum Factor ETF by 14.7% during the first quarter. Richmond Investment Services LLC now owns 4,112 shares of the company’s stock worth $987,000 after purchasing an additional 528 shares during the period. Axxcess Wealth Management LLC grew its stake in iShares MSCI USA Momentum Factor ETF by 1.5% during the first quarter. Axxcess Wealth Management LLC now owns 4,046 shares of the company’s stock worth $971,000 after purchasing an additional 58 shares during the period. Addison Capital Co bought a new stake in iShares MSCI USA Momentum Factor ETF in the first quarter worth approximately $2,306,000. Finally, Horst & Graben Wealth Management LLC increased its holdings in iShares MSCI USA Momentum Factor ETF by 2.8% in the first quarter. Horst & Graben Wealth Management LLC now owns 14,766 shares of the company’s stock worth $3,544,000 after purchasing an additional 402 shares in the last quarter.

iShares MSCI USA Momentum Factor ETF Stock Performance

Shares of MTUM opened at $321.77 on Monday. iShares MSCI USA Momentum Factor ETF has a 52-week low of $229.42 and a 52-week high of $345.59. The business’s 50 day moving average price is $315.79 and its two-hundred day moving average price is $276.32. The firm has a market cap of $23.49 billion, a PE 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.