Uniting Wealth Partners LLC Takes Position in iShares MSCI USA Momentum Factor ETF $MTUM

Uniting Wealth Partners LLC bought a new position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 21,402 shares of the company’s stock, valued at approximately $5,489,000. iShares MSCI USA Momentum Factor ETF makes up 1.3% of Uniting Wealth Partners LLC’s portfolio, making the stock its 19th biggest holding.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. TFC Financial Management Inc. acquired a new position in iShares MSCI USA Momentum Factor ETF in the third quarter worth $28,000. Howe & Rusling Inc. raised its holdings in shares of iShares MSCI USA Momentum Factor ETF by 425.0% in the third quarter. Howe & Rusling Inc. now owns 126 shares of the company’s stock valued at $32,000 after buying an additional 102 shares during the last quarter. WFA of San Diego LLC acquired a new position in iShares MSCI USA Momentum Factor ETF during the 2nd quarter worth about $46,000. MassMutual Private Wealth & Trust FSB grew its holdings in iShares MSCI USA Momentum Factor ETF by 397.8% during the 3rd quarter. MassMutual Private Wealth & Trust FSB now owns 224 shares of the company’s stock worth $57,000 after acquiring an additional 179 shares during the last quarter. Finally, TD Waterhouse Canada Inc. bought a new stake in iShares MSCI USA Momentum Factor ETF during the 3rd quarter worth about $64,000.

iShares MSCI USA Momentum Factor ETF Trading Up 0.5%

MTUM opened at $251.48 on Friday. iShares MSCI USA Momentum Factor ETF has a 1-year low of $171.51 and a 1-year high of $262.10. The stock has a market capitalization of $18.36 billion, a PE ratio of 28.67 and a beta of 1.02. The firm has a 50-day moving average price of $254.15 and a two-hundred day moving average price of $250.97.

iShares MSCI USA Momentum Factor ETF 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. MTUM was launched on Apr 16, 2013 and is managed by BlackRock.