Brookstone Capital Management Increases Stock Holdings in iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

Brookstone Capital Management boosted its stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 820.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 31,924 shares of the company’s stock after buying an additional 28,457 shares during the quarter. Brookstone Capital Management’s holdings in iShares MSCI USA Momentum Factor ETF were worth $6,606,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Fortitude Family Office LLC raised its holdings 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 valued at $25,000 after purchasing an additional 113 shares during the last quarter. Abich Financial Wealth Management LLC bought a new stake in iShares MSCI USA Momentum Factor ETF in the 2nd quarter worth about $33,000. Signaturefd LLC increased 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 valued at $33,000 after buying an additional 155 shares during the last quarter. Capital Performance Advisors LLP bought a new position in shares of iShares MSCI USA Momentum Factor ETF during the 3rd quarter worth approximately $43,000. Finally, Ashton Thomas Private Wealth LLC purchased a new position in shares of iShares MSCI USA Momentum Factor ETF in the 2nd quarter worth approximately $48,000.

iShares MSCI USA Momentum Factor ETF Trading Down 0.0 %

Shares of MTUM opened at $206.84 on Tuesday. The stock has a 50 day moving average of $211.66 and a 200 day moving average of $202.15. The company has a market capitalization of $11.20 billion, a price-to-earnings ratio of 18.53 and a beta of 1.10. 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.