Nova R Wealth Inc. Has $1.15 Million Stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

Nova R Wealth Inc. lowered its stake in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 7.1% during the 4th quarter, Holdings Channel.com reports. The firm owned 5,569 shares of the company’s stock after selling 426 shares during the quarter. Nova R Wealth Inc.’s holdings in iShares MSCI USA Momentum Factor ETF were worth $1,152,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Fortitude Family Office LLC raised its holdings in shares of iShares MSCI USA Momentum Factor ETF by 1,255.6% during the third quarter. Fortitude Family Office LLC now owns 122 shares of the company’s stock valued at $25,000 after purchasing an additional 113 shares during the period. Signaturefd LLC raised its holdings in shares of iShares MSCI USA Momentum Factor ETF by 1,550.0% during the third quarter. Signaturefd LLC now owns 165 shares of the company’s stock valued at $33,000 after purchasing an additional 155 shares during the period. Thurston Springer Miller Herd & Titak Inc. raised its holdings in shares of iShares MSCI USA Momentum Factor ETF by 1,880.0% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 198 shares of the company’s stock worth $41,000 after acquiring an additional 188 shares during the last quarter. Capital Performance Advisors LLP acquired a new stake in shares of iShares MSCI USA Momentum Factor ETF in the 3rd quarter worth about $43,000. Finally, AdvisorNet Financial Inc raised its holdings in shares of iShares MSCI USA Momentum Factor ETF by 51.4% in the 4th quarter. AdvisorNet Financial Inc now owns 218 shares of the company’s stock worth $45,000 after acquiring an additional 74 shares during the last quarter.

iShares MSCI USA Momentum Factor ETF Price Performance

MTUM opened at $227.79 on Friday. 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 market capitalization of $12.33 billion, a PE ratio of 18.53 and a beta of 1.10. The company’s 50-day moving average is $214.75 and its 200 day moving average is $205.79.

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.