Icon Wealth Advisors LLC Buys 9,763 Shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

Icon Wealth Advisors LLC raised its stake in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 759.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 11,048 shares of the company’s stock after buying an additional 9,763 shares during the quarter. Icon Wealth Advisors LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $2,240,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the stock. Fortitude Family Office LLC grew 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 buying an additional 113 shares during the last quarter. Signaturefd LLC lifted its position 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 valued at $33,000 after acquiring an additional 155 shares in the last quarter. Abich Financial Wealth Management LLC purchased a new stake in iShares MSCI USA Momentum Factor ETF during the 2nd quarter valued at $33,000. Capital Performance Advisors LLP bought a new stake in shares of iShares MSCI USA Momentum Factor ETF in the 3rd quarter worth $43,000. Finally, Wellington Shields & Co. LLC bought a new stake in shares of iShares MSCI USA Momentum Factor ETF in the 1st quarter worth $42,000.

iShares MSCI USA Momentum Factor ETF Price Performance

Shares of BATS:MTUM opened at $214.93 on Friday. iShares MSCI USA Momentum Factor ETF has a 1 year low of $81.37 and a 1 year high of $113.60. The company has a market cap of $11.64 billion, a P/E ratio of 18.53 and a beta of 1.10. The stock’s fifty day moving average price is $205.64 and its 200-day moving average price is $196.35.

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.