1,804 Shares in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) Bought by Wedmont Private Capital

Wedmont Private Capital acquired a new stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) in the second quarter, Holdings Channel reports. The institutional investor acquired 1,804 shares of the company’s stock, valued at approximately $360,000.

Other hedge funds have also recently added to or reduced their stakes in the company. First Personal Financial Services acquired a new stake in iShares MSCI USA Momentum Factor ETF in the 1st quarter valued at approximately $27,000. Woodmont Investment Counsel LLC acquired a new stake in shares of iShares MSCI USA Momentum Factor ETF in the first quarter valued at about $28,000. GAMMA Investing LLC bought a new stake in iShares MSCI USA Momentum Factor ETF during the first quarter worth about $29,000. Able Wealth Management LLC acquired a new position in iShares MSCI USA Momentum Factor ETF during the fourth quarter valued at approximately $28,000. Finally, Family Capital Trust Co bought a new position in iShares MSCI USA Momentum Factor ETF in the first quarter valued at approximately $34,000.

iShares MSCI USA Momentum Factor ETF Trading Up 2.2 %

Shares of BATS:MTUM traded up $3.99 during trading on Tuesday, hitting $189.16. 805,867 shares of the company were exchanged. The stock has a market cap of $10.24 billion, a price-to-earnings ratio of 18.53 and a beta of 1.10. iShares MSCI USA Momentum Factor ETF has a fifty-two week low of $81.37 and a fifty-two week high of $113.60. The firm has a fifty day moving average price of $192.08 and a two-hundred day moving average price of $185.70.

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.