Independent Wealth Network Inc. Makes New $512,000 Investment in iShares MSCI USA Momentum Factor ETF $MTUM

Independent Wealth Network Inc. acquired a new stake in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) in the first quarter, HoldingsChannel.com reports. The institutional investor acquired 2,133 shares of the company’s stock, valued at approximately $512,000.

Several other large investors have also modified their holdings of the stock. Aegis Wealth Management Inc. grew its holdings in iShares MSCI USA Momentum Factor ETF by 4.4% in the first quarter. Aegis Wealth Management Inc. now owns 1,197 shares of the company’s stock valued at $287,000 after purchasing an additional 50 shares during the period. Hoxton Planning & Management LLC boosted its holdings in shares of iShares MSCI USA Momentum Factor ETF by 5.3% in the 1st quarter. Hoxton Planning & Management LLC now owns 9,503 shares of the company’s stock valued at $2,281,000 after purchasing an additional 480 shares during the last quarter. Kestra Private Wealth Services LLC boosted its holdings in shares of iShares MSCI USA Momentum Factor ETF by 11.4% in the 1st quarter. Kestra Private Wealth Services LLC now owns 40,259 shares of the company’s stock valued at $9,662,000 after purchasing an additional 4,106 shares during the last quarter. Breakwater Capital Group grew its stake in shares of iShares MSCI USA Momentum Factor ETF by 9.1% during the 1st quarter. Breakwater Capital Group now owns 1,804 shares of the company’s stock valued at $433,000 after buying an additional 151 shares during the period. Finally, Blue Trust Inc. grew its stake in shares of iShares MSCI USA Momentum Factor ETF by 2.6% during the 1st quarter. Blue Trust Inc. now owns 1,274,963 shares of the company’s stock valued at $305,978,000 after buying an additional 32,573 shares during the period.

iShares MSCI USA Momentum Factor ETF Stock Down 4.0%

MTUM stock opened at $325.74 on Friday. The company has a market cap of $23.78 billion, a price-to-earnings ratio of 28.67 and a beta of 1.02. The business has a fifty day simple moving average of $306.31 and a 200-day simple moving average of $271.07. iShares MSCI USA Momentum Factor ETF has a 52 week low of $229.42 and a 52 week high of $345.59.

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.