Williams & Novak Wealth Management LLC Makes New $580,000 Investment in iShares MSCI USA Momentum Factor ETF $MTUM

Williams & Novak Wealth Management LLC bought a new position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) during the 3rd quarter, HoldingsChannel.com reports. The fund bought 1,827 shares of the company’s stock, valued at approximately $580,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in MTUM. Financial Network Wealth Advisors LLC grew its stake in shares of iShares MSCI USA Momentum Factor ETF by 176.3% in the 4th quarter. Financial Network Wealth Advisors LLC now owns 105 shares of the company’s stock valued at $26,000 after buying an additional 67 shares in the last quarter. Fairway Wealth LLC bought a new position in iShares MSCI USA Momentum Factor ETF during the second quarter valued at approximately $36,000. Turtle Creek Wealth Advisors LLC acquired a new stake in iShares MSCI USA Momentum Factor ETF in the first quarter valued at approximately $26,000. Indiana Trust & Investment Management Co acquired a new stake in shares of iShares MSCI USA Momentum Factor ETF in the 1st quarter valued at $26,000. Finally, Morling Financial Advisors LLC acquired a new stake in shares of iShares MSCI USA Momentum Factor ETF in the second quarter worth about $50,000.

iShares MSCI USA Momentum Factor ETF Stock Up 0.8%

Shares of iShares MSCI USA Momentum Factor ETF stock opened at $320.00 on Friday. The stock has a 50 day moving average price of $310.02 and a two-hundred day moving average price of $301.66. The stock has a market capitalization of $23.36 billion, a P/E ratio of 28.67 and a beta of 1.02. iShares MSCI USA Momentum Factor ETF has a 12-month low of $229.42 and a 12-month high of $345.59.

Shares of iShares MSCI USA Momentum Factor ETF are scheduled to split on Thursday, November 5th. The 4-1 split was recently announced. The newly minted shares will be issued to shareholders after the market closes on Wednesday, November 4th.

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.