iShares MSCI USA Momentum Factor ETF $MTUM Stock Position Raised by Orgel Wealth Management LLC

Orgel Wealth Management LLC lifted its position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 27.0% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 854,260 shares of the company’s stock after buying an additional 181,536 shares during the period. iShares MSCI USA Momentum Factor ETF makes up about 5.1% of Orgel Wealth Management LLC’s investment portfolio, making the stock its 7th biggest position. Orgel Wealth Management LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $271,091,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. B.A. Schrock Wealth Management Inc. bought a new position in iShares MSCI USA Momentum Factor ETF in the third quarter worth approximately $297,000. ASL Financial LLC increased its position in iShares MSCI USA Momentum Factor ETF by 43.2% in the third quarter. ASL Financial LLC now owns 2,031 shares of the company’s stock worth $645,000 after buying an additional 613 shares in the last quarter. Strategy Asset Managers LLC increased its position in iShares MSCI USA Momentum Factor ETF by 5.6% in the third quarter. Strategy Asset Managers LLC now owns 1,206 shares of the company’s stock worth $383,000 after buying an additional 64 shares in the last quarter. Lodestone Wealth Management LLC increased its position in iShares MSCI USA Momentum Factor ETF by 9.2% in the third quarter. Lodestone Wealth Management LLC now owns 7,400 shares of the company’s stock worth $2,348,000 after buying an additional 621 shares in the last quarter. Finally, Shore Point Advisors LLC raised its stake in shares of iShares MSCI USA Momentum Factor ETF by 8.8% in the third quarter. Shore Point Advisors LLC now owns 3,670 shares of the company’s stock worth $1,165,000 after buying an additional 297 shares during the period.

iShares MSCI USA Momentum Factor ETF Stock Down 2.6%

BATS MTUM opened at $304.88 on Thursday. iShares MSCI USA Momentum Factor ETF has a 52 week low of $229.42 and a 52 week high of $345.59. The company has a market capitalization of $22.26 billion, a P/E ratio of 28.67 and a beta of 1.02. The stock’s 50-day moving average price is $310.18 and its 200-day moving average price is $303.48.

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