Noble Wealth Partners LLC purchased a new position in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM – Free Report) during the 2nd quarter, Holdings Channel reports. The institutional investor purchased 2,028 shares of the company’s stock, valued at approximately $695,000.
Several other large investors have also recently added to or reduced their stakes in MTUM. Cary Street Partners Financial LLC bought a new position in shares of iShares MSCI USA Momentum Factor ETF during the fourth quarter worth about $25,000. Triumph Capital Management acquired a new position in iShares MSCI USA Momentum Factor ETF during the 3rd quarter valued at about $25,000. Financial Network Wealth Advisors LLC increased its stake in shares of iShares MSCI USA Momentum Factor ETF by 176.3% in the fourth quarter. Financial Network Wealth Advisors LLC now owns 105 shares of the company’s stock valued at $26,000 after purchasing an additional 67 shares during the period. Turtle Creek Wealth Advisors LLC acquired a new stake in shares of iShares MSCI USA Momentum Factor ETF in the first quarter valued at approximately $26,000. Finally, Indiana Trust & Investment Management Co bought a new stake in shares of iShares MSCI USA Momentum Factor ETF during the first quarter valued at approximately $26,000.
iShares MSCI USA Momentum Factor ETF Trading Up 1.8%
Shares of BATS MTUM opened at $304.86 on Friday. The stock has a 50 day simple moving average of $309.56 and a 200-day simple moving average of $290.44. The company has a market cap of $22.25 billion, a PE ratio of 28.67 and a beta of 1.02. iShares MSCI USA Momentum Factor ETF has a 12-month low of $229.42 and a 12-month high of $345.59.
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.
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Want to see what other hedge funds are holding MTUM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares MSCI USA Momentum Factor ETF (BATS:MTUM – Free Report).
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