Summit Wealth Group LLC Raises Position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

Summit Wealth Group LLC lifted its stake in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 4.5% during the 4th quarter, HoldingsChannel.com reports. The firm owned 66,579 shares of the company’s stock after buying an additional 2,864 shares during the quarter. iShares MSCI USA Momentum Factor ETF accounts for about 4.0% of Summit Wealth Group LLC’s holdings, making the stock its 6th biggest holding. Summit Wealth Group LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $13,776,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of MTUM. Signaturefd LLC lifted its position 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 worth $33,000 after purchasing an additional 155 shares during the last quarter. Arkadios Wealth Advisors lifted its position in shares of iShares MSCI USA Momentum Factor ETF by 16.7% during the third quarter. Arkadios Wealth Advisors now owns 2,203 shares of the company’s stock worth $447,000 after purchasing an additional 316 shares during the last quarter. Fortitude Family Office LLC lifted its position 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 worth $25,000 after purchasing an additional 113 shares during the last quarter. Strategic Blueprint LLC lifted its position in shares of iShares MSCI USA Momentum Factor ETF by 13.1% during the third quarter. Strategic Blueprint LLC now owns 3,751 shares of the company’s stock worth $761,000 after purchasing an additional 433 shares during the last quarter. Finally, Tyche Wealth Partners LLC lifted its position in shares of iShares MSCI USA Momentum Factor ETF by 2.7% during the third quarter. Tyche Wealth Partners LLC now owns 2,533 shares of the company’s stock worth $514,000 after purchasing an additional 66 shares during the last quarter.

iShares MSCI USA Momentum Factor ETF Stock Performance

Shares of MTUM stock opened at $216.93 on Wednesday. iShares MSCI USA Momentum Factor ETF has a one year low of $81.37 and a one year high of $113.60. The company’s 50-day simple moving average is $216.68 and its 200-day simple moving average is $208.63. The stock has a market capitalization of $15.56 billion, a price-to-earnings ratio of 28.87 and a beta of 0.98.

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.