Shah Wealth Advisors LLC Acquires Shares of 48,732 iShares MSCI USA Momentum Factor ETF $MTUM

Shah Wealth Advisors LLC acquired a new stake in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 48,732 shares of the company’s stock, valued at approximately $16,707,000. iShares MSCI USA Momentum Factor ETF comprises about 3.9% of Shah Wealth Advisors LLC’s portfolio, making the stock its 10th largest holding. Shah Wealth Advisors LLC owned about 0.07% of iShares MSCI USA Momentum Factor ETF as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Mercer Global Advisors Inc. ADV lifted its holdings in iShares MSCI USA Momentum Factor ETF by 3.0% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 7,824,890 shares of the company’s stock worth $1,958,649,000 after buying an additional 229,850 shares during the period. LPL Financial LLC raised its holdings in shares of iShares MSCI USA Momentum Factor ETF by 24.7% during the fourth quarter. LPL Financial LLC now owns 3,291,857 shares of the company’s stock valued at $823,985,000 after acquiring an additional 652,414 shares in the last quarter. Raymond James Financial Inc. raised its holdings in shares of iShares MSCI USA Momentum Factor ETF by 5.0% during the fourth quarter. Raymond James Financial Inc. now owns 3,215,974 shares of the company’s stock valued at $804,990,000 after acquiring an additional 152,723 shares in the last quarter. Corient Private Wealth LLC lifted its stake in iShares MSCI USA Momentum Factor ETF by 185.9% in the fourth quarter. Corient Private Wealth LLC now owns 2,048,917 shares of the company’s stock worth $512,864,000 after acquiring an additional 1,332,181 shares during the period. Finally, State of Michigan Retirement System lifted its stake in iShares MSCI USA Momentum Factor ETF by 4.1% in the first quarter. State of Michigan Retirement System now owns 1,340,090 shares of the company’s stock worth $321,608,000 after acquiring an additional 52,800 shares during the period.

iShares MSCI USA Momentum Factor ETF Stock Up 1.8%

BATS:MTUM opened at $304.86 on Friday. The firm’s fifty day simple moving average is $309.56 and its 200 day simple moving average is $290.44. The stock has a market cap of $22.25 billion, a P/E ratio of 28.67 and a beta of 1.02. iShares MSCI USA Momentum Factor ETF has a twelve month low of $229.42 and a twelve month high of $345.59.

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.