Uniting Wealth Partners LLC Has $6.55 Million Stake in iShares MSCI USA Momentum Factor ETF $MTUM

Uniting Wealth Partners LLC grew its stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 22.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 26,181 shares of the company’s stock after purchasing an additional 4,779 shares during the quarter. iShares MSCI USA Momentum Factor ETF comprises about 2.0% of Uniting Wealth Partners LLC’s holdings, making the stock its 9th biggest holding. Uniting Wealth Partners LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $6,553,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the stock. Triumph Capital Management purchased a new position in iShares MSCI USA Momentum Factor ETF during the 3rd quarter valued at about $25,000. Cary Street Partners Financial LLC bought a new stake in iShares MSCI USA Momentum Factor ETF during the fourth quarter worth about $25,000. Dagco Inc. bought a new stake in iShares MSCI USA Momentum Factor ETF during the fourth quarter worth about $25,000. Eagle Bay Advisors LLC bought a new stake in iShares MSCI USA Momentum Factor ETF during the fourth quarter worth about $26,000. Finally, United Financial Planning Group LLC bought a new stake in iShares MSCI USA Momentum Factor ETF during the third quarter worth about $28,000.

iShares MSCI USA Momentum Factor ETF Price Performance

BATS:MTUM opened at $324.40 on Friday. iShares MSCI USA Momentum Factor ETF has a one year low of $229.42 and a one year high of $331.49. The company’s 50-day simple moving average is $291.25 and its 200 day simple moving average is $265.12. The firm has a market capitalization of $23.68 billion, a P/E 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.