iShares MSCI USA Momentum Factor ETF $MTUM Stock Holdings Boosted by Orgel Wealth Management LLC

Orgel Wealth Management LLC boosted its holdings in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 1.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 676,461 shares of the company’s stock after purchasing an additional 12,400 shares during the quarter. iShares MSCI USA Momentum Factor ETF makes up 3.7% of Orgel Wealth Management LLC’s holdings, making the stock its 10th largest position. Orgel Wealth Management LLC owned about 0.93% of iShares MSCI USA Momentum Factor ETF worth $169,325,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in MTUM. Raymond James Financial Inc. raised its stake in shares of iShares MSCI USA Momentum Factor ETF by 4.1% during the 3rd quarter. Raymond James Financial Inc. now owns 3,063,251 shares of the company’s stock worth $785,571,000 after buying an additional 120,851 shares during the period. Ameriprise Financial Inc. grew its stake in iShares MSCI USA Momentum Factor ETF by 7.4% in the 3rd quarter. Ameriprise Financial Inc. now owns 1,321,883 shares of the company’s stock valued at $339,023,000 after acquiring an additional 90,841 shares during the period. Bank of America Corp DE grew its stake in iShares MSCI USA Momentum Factor ETF by 8.3% in the 3rd quarter. Bank of America Corp DE now owns 1,239,000 shares of the company’s stock valued at $317,742,000 after acquiring an additional 94,881 shares during the period. State of Michigan Retirement System increased its holdings in iShares MSCI USA Momentum Factor ETF by 1.4% in the 3rd quarter. State of Michigan Retirement System now owns 1,223,490 shares of the company’s stock worth $313,764,000 after acquiring an additional 17,400 shares in the last quarter. Finally, Cerity Partners LLC increased its holdings in iShares MSCI USA Momentum Factor ETF by 2.6% in the 3rd quarter. Cerity Partners LLC now owns 1,151,952 shares of the company’s stock worth $295,418,000 after acquiring an additional 29,230 shares in the last quarter.

iShares MSCI USA Momentum Factor ETF Stock Performance

BATS:MTUM opened at $241.52 on Friday. The stock has a market capitalization of $17.63 billion, a PE ratio of 28.67 and a beta of 1.02. iShares MSCI USA Momentum Factor ETF has a fifty-two week low of $171.51 and a fifty-two week high of $262.10. The company has a fifty day moving average of $252.45 and a two-hundred day moving average of $251.88.

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.