Rothschild Wealth LLC Acquires 12,072 Shares of iShares MSCI USA Momentum Factor ETF $MTUM

Rothschild Wealth LLC raised its holdings in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 70.2% in the 4th quarter, Holdings Channel reports. The firm owned 29,267 shares of the company’s stock after purchasing an additional 12,072 shares during the quarter. Rothschild Wealth LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $7,326,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in MTUM. Dagco Inc. bought a new stake in shares of iShares MSCI USA Momentum Factor ETF during the fourth quarter worth $25,000. Triumph Capital Management bought a new stake in shares of iShares MSCI USA Momentum Factor ETF in the third quarter valued at about $25,000. Cary Street Partners Financial LLC bought a new stake in shares of iShares MSCI USA Momentum Factor ETF in the fourth quarter valued at about $25,000. Eagle Bay Advisors LLC bought a new stake in shares of iShares MSCI USA Momentum Factor ETF in the fourth quarter valued at about $26,000. Finally, Financial Network Wealth Advisors LLC raised its holdings in shares of iShares MSCI USA Momentum Factor ETF by 176.3% in the fourth quarter. Financial Network Wealth Advisors LLC now owns 105 shares of the company’s stock valued at $26,000 after acquiring an additional 67 shares in the last quarter.

iShares MSCI USA Momentum Factor ETF Price Performance

MTUM stock opened at $326.05 on Wednesday. The business has a 50-day moving average price of $294.61 and a 200 day moving average price of $266.46. The company has a market capitalization of $23.80 billion, a P/E ratio of 28.67 and a beta of 1.02. iShares MSCI USA Momentum Factor ETF has a 1-year low of $229.42 and a 1-year high of $336.10.

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.