Maridea Wealth Management LLC Takes Position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

Maridea Wealth Management LLC purchased a new stake in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) during the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 1,016 shares of the company’s stock, valued at approximately $210,000.

Several other large investors have also recently added to or reduced their stakes in the company. Thurston Springer Miller Herd & Titak Inc. raised its holdings in shares of iShares MSCI USA Momentum Factor ETF by 1,880.0% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 198 shares of the company’s stock worth $41,000 after purchasing an additional 188 shares during the period. AdvisorNet Financial Inc grew its position in shares of 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 buying an additional 74 shares during the last quarter. Vontobel Holding Ltd. acquired a new stake in iShares MSCI USA Momentum Factor ETF during the fourth quarter worth about $432,000. Kingsview Wealth Management LLC lifted its holdings in iShares MSCI USA Momentum Factor ETF by 17.9% in the fourth quarter. Kingsview Wealth Management LLC now owns 1,330 shares of the company’s stock worth $275,000 after acquiring an additional 202 shares during the last quarter. Finally, Summit X LLC boosted its stake in iShares MSCI USA Momentum Factor ETF by 1,416.6% in the fourth quarter. Summit X LLC now owns 22,142 shares of the company’s stock valued at $4,582,000 after acquiring an additional 20,682 shares during the period.

iShares MSCI USA Momentum Factor ETF Trading Down 3.9 %

BATS:MTUM opened at $200.78 on Friday. The stock has a 50 day moving average of $214.93 and a 200-day moving average of $210.55. The firm has a market capitalization of $13.80 billion, a PE ratio of 27.42 and a beta of 0.99. iShares MSCI USA Momentum Factor ETF has a 52 week low of $168.49 and a 52 week high of $229.77.

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.