Partners Wealth Management LLC bought a new stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM – Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 6,972 shares of the company’s stock, valued at approximately $2,212,000.
Other large investors also recently modified their holdings of the company. YANKCOM Partnership bought a new stake in iShares MSCI USA Momentum Factor ETF during the third quarter worth $31,000. Fairway Wealth LLC purchased a new stake in iShares MSCI USA Momentum Factor ETF in the 2nd quarter valued at $36,000. Turtle Creek Wealth Advisors LLC purchased a new stake in iShares MSCI USA Momentum Factor ETF in the 1st quarter valued at $26,000. Indiana Trust & Investment Management Co bought a new position in iShares MSCI USA Momentum Factor ETF during the 1st quarter valued at $26,000. Finally, Morling Financial Advisors LLC bought a new position in iShares MSCI USA Momentum Factor ETF during the 2nd quarter valued at $50,000.
iShares MSCI USA Momentum Factor ETF Price Performance
MTUM opened at $298.34 on Friday. The company has a market capitalization of $21.78 billion, a price-to-earnings ratio of 28.67 and a beta of 1.02. The firm’s fifty day moving average price is $306.86 and its two-hundred day moving average price is $289.67. iShares MSCI USA Momentum Factor ETF has a 1 year low of $229.42 and a 1 year 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 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.
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