Waystone Advisors LLC Makes New Investment in iShares MSCI USA Momentum Factor ETF $MTUM

Waystone Advisors LLC bought a new position in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) in the fourth quarter, HoldingsChannel reports. The firm bought 4,155 shares of the company’s stock, valued at approximately $1,040,000. iShares MSCI USA Momentum Factor ETF comprises about 0.9% of Waystone Advisors LLC’s holdings, making the stock its 26th biggest holding.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Caprock Group LLC purchased a new stake in iShares MSCI USA Momentum Factor ETF during the third quarter worth approximately $3,283,000. Braun Bostich & Associates Inc. raised its holdings in shares of iShares MSCI USA Momentum Factor ETF by 63.4% during the fourth quarter. Braun Bostich & Associates Inc. now owns 11,497 shares of the company’s stock worth $2,878,000 after purchasing an additional 4,463 shares during the period. BCGM Wealth Management LLC raised its holdings in shares of iShares MSCI USA Momentum Factor ETF by 45.0% during the fourth quarter. BCGM Wealth Management LLC now owns 25,663 shares of the company’s stock worth $6,424,000 after purchasing an additional 7,960 shares during the period. Cypress Wealth Services LLC increased its holdings in shares of iShares MSCI USA Momentum Factor ETF by 63.6% in the 4th quarter. Cypress Wealth Services LLC now owns 14,772 shares of the company’s stock worth $3,698,000 after acquiring an additional 5,740 shares during the period. Finally, Flagship Capital Management Inc. acquired a new stake in iShares MSCI USA Momentum Factor ETF in the 4th quarter valued at approximately $1,779,000.

iShares MSCI USA Momentum Factor ETF Trading Down 0.2%

iShares MSCI USA Momentum Factor ETF stock opened at $313.33 on Thursday. iShares MSCI USA Momentum Factor ETF has a 52 week low of $228.53 and a 52 week high of $317.25. The company’s 50-day moving average price is $273.25 and its two-hundred day moving average price is $259.16. The stock has a market cap of $22.87 billion, a price-to-earnings ratio of 28.67 and a beta of 1.02.

iShares MSCI USA Momentum Factor ETF Company 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.