Wealth Alliance LLC Buys 757 Shares of iShares MSCI USA Momentum Factor ETF $MTUM

Wealth Alliance LLC lifted its position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 4.3% during the 2nd quarter, Holdings Channel reports. The firm owned 18,476 shares of the company’s stock after acquiring an additional 757 shares during the period. Wealth Alliance LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $4,440,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in MTUM. Cullen Frost Bankers Inc. bought a new stake in iShares MSCI USA Momentum Factor ETF during the 1st quarter valued at $26,000. Harbor Investment Advisory LLC increased its position in shares of iShares MSCI USA Momentum Factor ETF by 262.2% in the second quarter. Harbor Investment Advisory LLC now owns 163 shares of the company’s stock valued at $39,000 after acquiring an additional 118 shares during the period. GAMMA Investing LLC increased its position in shares of iShares MSCI USA Momentum Factor ETF by 45.0% in the second quarter. GAMMA Investing LLC now owns 216 shares of the company’s stock valued at $52,000 after acquiring an additional 67 shares during the period. Hilltop National Bank bought a new position in shares of iShares MSCI USA Momentum Factor ETF during the second quarter valued at about $55,000. Finally, Fortitude Family Office LLC boosted its holdings in shares of iShares MSCI USA Momentum Factor ETF by 109.0% during the second quarter. Fortitude Family Office LLC now owns 255 shares of the company’s stock worth $61,000 after purchasing an additional 133 shares during the period.

iShares MSCI USA Momentum Factor ETF Price Performance

BATS MTUM opened at $251.66 on Wednesday. The business’s 50-day moving average is $253.17 and its 200 day moving average is $240.99. The stock has a market capitalization of $18.37 billion, a PE ratio of 28.67 and a beta of 1.02. iShares MSCI USA Momentum Factor ETF has a 1 year low of $168.49 and a 1 year high of $240.99.

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.