Global Financial Private Client LLC Purchases New Holdings in iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

Global Financial Private Client LLC acquired a new position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 558 shares of the company’s stock, valued at approximately $115,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Fortitude Family Office LLC boosted its position in shares of iShares MSCI USA Momentum Factor ETF by 1,255.6% in the third quarter. Fortitude Family Office LLC now owns 122 shares of the company’s stock worth $25,000 after buying an additional 113 shares during the period. Abich Financial Wealth Management LLC purchased a new stake in iShares MSCI USA Momentum Factor ETF in the 2nd quarter worth about $33,000. Signaturefd LLC lifted its stake in iShares MSCI USA Momentum Factor ETF by 1,550.0% in the 3rd quarter. Signaturefd LLC now owns 165 shares of the company’s stock worth $33,000 after acquiring an additional 155 shares in the last quarter. Capital Performance Advisors LLP acquired a new stake in iShares MSCI USA Momentum Factor ETF during the 3rd quarter worth about $43,000. Finally, AdvisorNet Financial Inc grew its stake in iShares MSCI USA Momentum Factor ETF by 51.4% during the 4th quarter. AdvisorNet Financial Inc now owns 218 shares of the company’s stock valued at $45,000 after acquiring an additional 74 shares in the last quarter.

iShares MSCI USA Momentum Factor ETF Price Performance

Shares of MTUM opened at $208.99 on Wednesday. The business’s 50-day moving average is $211.70 and its 200-day moving average is $202.24. The company has a market capitalization of $11.32 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.

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.