iShares MSCI USA Momentum Factor ETF $MTUM Shares Purchased by Activest Wealth Management

Activest Wealth Management increased its position in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 45.2% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 6,895 shares of the company’s stock after buying an additional 2,145 shares during the quarter. Activest Wealth Management’s holdings in iShares MSCI USA Momentum Factor ETF were worth $1,734,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Bison Wealth LLC lifted its stake in iShares MSCI USA Momentum Factor ETF by 4.4% in the fourth quarter. Bison Wealth LLC now owns 3,148 shares of the company’s stock valued at $651,000 after buying an additional 133 shares during the last quarter. Empowered Funds LLC acquired a new position in shares of iShares MSCI USA Momentum Factor ETF in the 1st quarter valued at $2,488,000. Russell Investments Group Ltd. increased its holdings in shares of iShares MSCI USA Momentum Factor ETF by 15.1% in the 2nd quarter. Russell Investments Group Ltd. now owns 973 shares of the company’s stock valued at $234,000 after acquiring an additional 128 shares during the period. First Trust Advisors LP acquired a new position in shares of iShares MSCI USA Momentum Factor ETF in the 2nd quarter valued at $350,000. Finally, Qube Research & Technologies Ltd raised its position in iShares MSCI USA Momentum Factor ETF by 543.9% in the 2nd quarter. Qube Research & Technologies Ltd now owns 127,461 shares of the company’s stock valued at $30,631,000 after purchasing an additional 107,665 shares during the last quarter.

iShares MSCI USA Momentum Factor ETF Price Performance

Shares of BATS:MTUM opened at $277.71 on Thursday. The stock has a market cap of $20.27 billion, a P/E ratio of 28.67 and a beta of 1.02. The firm has a fifty day moving average price of $254.82 and a 200 day moving average price of $253.18. iShares MSCI USA Momentum Factor ETF has a 1-year low of $203.81 and a 1-year high of $281.51.

iShares MSCI USA Momentum Factor ETF 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.