iShares MSCI USA Momentum Factor ETF $MTUM is Global Wealth Strategies & Associates’ 9th Largest Position

Global Wealth Strategies & Associates lessened its holdings in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 5.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 41,094 shares of the company’s stock after selling 2,456 shares during the quarter. iShares MSCI USA Momentum Factor ETF comprises 2.6% of Global Wealth Strategies & Associates’ portfolio, making the stock its 9th biggest holding. Global Wealth Strategies & Associates owned 0.06% of iShares MSCI USA Momentum Factor ETF worth $10,286,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in MTUM. Triumph Capital Management bought a new stake in shares of iShares MSCI USA Momentum Factor ETF during the third quarter valued at approximately $25,000. TFC Financial Management Inc. bought a new position in shares of iShares MSCI USA Momentum Factor ETF during the third quarter worth $28,000. United Financial Planning Group LLC bought a new position in shares of iShares MSCI USA Momentum Factor ETF during the third quarter worth $28,000. Howe & Rusling Inc. grew its stake in iShares MSCI USA Momentum Factor ETF by 425.0% during the third quarter. Howe & Rusling Inc. now owns 126 shares of the company’s stock valued at $32,000 after acquiring an additional 102 shares in the last quarter. Finally, Ameriflex Group Inc. grew its stake in iShares MSCI USA Momentum Factor ETF by 604.3% during the third quarter. Ameriflex Group Inc. now owns 162 shares of the company’s stock valued at $42,000 after acquiring an additional 139 shares in the last quarter.

iShares MSCI USA Momentum Factor ETF Stock Performance

Shares of BATS MTUM opened at $246.24 on Thursday. The company has a market cap of $17.98 billion, a P/E ratio of 28.67 and a beta of 1.02. iShares MSCI USA Momentum Factor ETF has a 52-week low of $171.51 and a 52-week high of $262.10. The firm’s fifty day moving average is $252.90 and its two-hundred day moving average is $251.93.

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.