LexAurum Advisors LLC Purchases New Holdings in iShares MSCI USA Momentum Factor ETF $MTUM

LexAurum Advisors LLC acquired a new stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 9,502 shares of the company’s stock, valued at approximately $3,015,000.

Several other hedge funds have also recently added to or reduced their stakes in the company. Independent Wealth Network Inc. grew its holdings in shares of iShares MSCI USA Momentum Factor ETF by 21.7% during the third quarter. Independent Wealth Network Inc. now owns 2,579 shares of the company’s stock worth $819,000 after buying an additional 460 shares in the last quarter. Onyx Bridge Wealth Group LLC raised its position in shares of iShares MSCI USA Momentum Factor ETF by 2.9% in the third quarter. Onyx Bridge Wealth Group LLC now owns 1,857 shares of the company’s stock valued at $589,000 after buying an additional 52 shares during the last quarter. SteelPeak Wealth LLC raised its position in shares of iShares MSCI USA Momentum Factor ETF by 5.5% in the third quarter. SteelPeak Wealth LLC now owns 75,144 shares of the company’s stock valued at $23,846,000 after buying an additional 3,937 shares during the last quarter. ShoreHaven Wealth Partners LLC lifted its stake in shares of iShares MSCI USA Momentum Factor ETF by 6.1% in the third quarter. ShoreHaven Wealth Partners LLC now owns 18,044 shares of the company’s stock worth $5,726,000 after buying an additional 1,040 shares in the last quarter. Finally, Sweeney & Michel LLC lifted its stake in shares of iShares MSCI USA Momentum Factor ETF by 1.9% in the third quarter. Sweeney & Michel LLC now owns 9,957 shares of the company’s stock worth $3,160,000 after buying an additional 188 shares in the last quarter.

iShares MSCI USA Momentum Factor ETF Price Performance

MTUM traded up $3.47 on Monday, reaching $296.64. 577,566 shares of the company’s stock were exchanged, compared to its average volume of 1,229,802. The stock has a market cap of $21.65 billion, a PE 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. The stock’s fifty day moving average price is $309.73 and its 200-day moving average price is $304.39.

iShares MSCI USA Momentum Factor ETF’s stock is scheduled to split on the morning of Thursday, November 5th. The 4-1 split was recently announced. The newly minted shares will be distributed to shareholders after the market closes on Wednesday, November 4th.

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.