iShares MSCI USA Momentum Factor ETF (BATS:MTUM) Shares Purchased by LongView Wealth Management

LongView Wealth Management grew its stake in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 3.9% in the first quarter, HoldingsChannel reports. The fund owned 2,675 shares of the company’s stock after buying an additional 100 shares during the quarter. LongView Wealth Management’s holdings in iShares MSCI USA Momentum Factor ETF were worth $501,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Able Wealth Management LLC acquired a new stake in shares of iShares MSCI USA Momentum Factor ETF in the fourth quarter worth $28,000. GAMMA Investing LLC bought a new position in shares of iShares MSCI USA Momentum Factor ETF during the first quarter worth about $29,000. Baker Avenue Asset Management LP grew its stake in iShares MSCI USA Momentum Factor ETF by 46.8% in the third quarter. Baker Avenue Asset Management LP now owns 279 shares of the company’s stock worth $39,000 after purchasing an additional 89 shares in the last quarter. Sound Income Strategies LLC increased its holdings in iShares MSCI USA Momentum Factor ETF by 281.5% in the fourth quarter. Sound Income Strategies LLC now owns 248 shares of the company’s stock valued at $39,000 after buying an additional 183 shares during the last quarter. Finally, Richardson Financial Services Inc. bought a new position in iShares MSCI USA Momentum Factor ETF during the 4th quarter worth approximately $56,000.

iShares MSCI USA Momentum Factor ETF Price Performance

MTUM traded down $0.22 during trading hours on Friday, hitting $194.84. 550,589 shares of the stock were exchanged. The stock has a market cap of $10.55 billion, a price-to-earnings ratio of 18.53 and a beta of 1.10. The stock has a 50-day simple moving average of $187.75 and a 200-day simple moving average of $178.16. 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.