ShoreHaven Wealth Partners LLC purchased a new stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM – Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 11,144 shares of the company’s stock, valued at approximately $2,306,000. iShares MSCI USA Momentum Factor ETF accounts for approximately 1.1% of ShoreHaven Wealth Partners LLC’s portfolio, making the stock its 22nd biggest position.
Other hedge funds have also bought and sold shares of the company. AQR Capital Management LLC purchased a new stake in shares of iShares MSCI USA Momentum Factor ETF during the 2nd quarter worth about $253,000. Exchange Traded Concepts LLC purchased a new position in shares of iShares MSCI USA Momentum Factor ETF in the 3rd quarter valued at about $78,000. Bfsg LLC acquired a new position in iShares MSCI USA Momentum Factor ETF in the 3rd quarter worth about $56,000. Summit Investment Advisory Services LLC purchased a new position in iShares MSCI USA Momentum Factor ETF during the third quarter worth approximately $225,000. Finally, Good Life Advisors LLC grew its holdings in iShares MSCI USA Momentum Factor ETF by 96.6% in the third quarter. Good Life Advisors LLC now owns 4,428 shares of the company’s stock valued at $898,000 after purchasing an additional 2,176 shares during the period.
iShares MSCI USA Momentum Factor ETF Price Performance
iShares MSCI USA Momentum Factor ETF stock opened at $227.79 on Friday. The stock has a market capitalization of $12.33 billion, a PE ratio of 18.53 and a beta of 1.10. The business has a 50 day simple moving average of $214.75 and a 200-day simple moving average of $205.79. iShares MSCI USA Momentum Factor ETF has a 12 month low of $81.37 and a 12 month high of $113.60.
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.
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