Diversify Wealth Management LLC Has $7.54 Million Stock Holdings in iShares MSCI USA Momentum Factor ETF $MTUM

Diversify Wealth Management LLC boosted its position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 56.1% during the first quarter, HoldingsChannel.com reports. The fund owned 31,398 shares of the company’s stock after buying an additional 11,278 shares during the quarter. Diversify Wealth Management LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $7,535,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Braun Bostich & Associates Inc. increased its stake in shares of iShares MSCI USA Momentum Factor ETF by 63.4% in the 4th quarter. Braun Bostich & Associates Inc. now owns 11,497 shares of the company’s stock valued at $2,878,000 after purchasing an additional 4,463 shares during the last quarter. BCGM Wealth Management LLC raised its holdings in shares of iShares MSCI USA Momentum Factor ETF by 45.0% during the 4th quarter. BCGM Wealth Management LLC now owns 25,663 shares of the company’s stock worth $6,424,000 after buying an additional 7,960 shares in the last quarter. Cypress Wealth Services LLC raised its holdings in shares of iShares MSCI USA Momentum Factor ETF by 63.6% during the 4th quarter. Cypress Wealth Services LLC now owns 14,772 shares of the company’s stock worth $3,698,000 after buying an additional 5,740 shares in the last quarter. Flagship Capital Management Inc. bought a new stake in shares of iShares MSCI USA Momentum Factor ETF during the 4th quarter worth $1,779,000. Finally, Assetmark Inc. lifted its position in shares of iShares MSCI USA Momentum Factor ETF by 2.5% during the 4th quarter. Assetmark Inc. now owns 1,502,409 shares of the company’s stock worth $376,068,000 after buying an additional 37,278 shares during the last quarter.

iShares MSCI USA Momentum Factor ETF Price Performance

BATS:MTUM opened at $321.77 on Monday. The stock’s 50-day simple moving average is $315.79 and its 200 day simple moving average is $276.32. The firm has a market capitalization of $23.49 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.

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.