Trueblood Wealth Management LLC Has $771,000 Stake in iShares MSCI USA Momentum Factor ETF $MTUM

Trueblood Wealth Management LLC lifted its holdings in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 8.1% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 3,207 shares of the company’s stock after acquiring an additional 240 shares during the period. Trueblood Wealth Management LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $771,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. SteelPeak Wealth LLC grew its position in shares of iShares MSCI USA Momentum Factor ETF by 1.1% during the 2nd quarter. SteelPeak Wealth LLC now owns 39,725 shares of the company’s stock worth $9,547,000 after buying an additional 446 shares during the period. Belpointe Asset Management LLC grew its position in shares of iShares MSCI USA Momentum Factor ETF by 25.7% during the 2nd quarter. Belpointe Asset Management LLC now owns 4,261 shares of the company’s stock worth $1,024,000 after buying an additional 870 shares during the period. Berkshire Money Management Inc. grew its position in shares of iShares MSCI USA Momentum Factor ETF by 539.0% during the 2nd quarter. Berkshire Money Management Inc. now owns 8,071 shares of the company’s stock worth $1,940,000 after buying an additional 6,808 shares during the period. Confluence Wealth Services Inc. acquired a new stake in shares of iShares MSCI USA Momentum Factor ETF during the 2nd quarter worth approximately $206,000. Finally, Merit Financial Group LLC grew its position in shares of iShares MSCI USA Momentum Factor ETF by 28.4% during the 2nd quarter. Merit Financial Group LLC now owns 125,976 shares of the company’s stock worth $30,275,000 after buying an additional 27,830 shares during the period.

iShares MSCI USA Momentum Factor ETF Price Performance

Shares of BATS:MTUM opened at $254.28 on Tuesday. iShares MSCI USA Momentum Factor ETF has a one year low of $168.49 and a one year high of $240.99. The company has a 50 day moving average of $248.11 and a 200-day moving average of $230.21. The stock has a market cap of $18.56 billion, a price-to-earnings 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.