Global Wealth Strategies & Associates Acquires 881 Shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

Global Wealth Strategies & Associates lifted its holdings in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 1.8% during the 4th quarter, Holdings Channel reports. The firm owned 49,162 shares of the company’s stock after purchasing an additional 881 shares during the quarter. iShares MSCI USA Momentum Factor ETF comprises 3.2% of Global Wealth Strategies & Associates’ holdings, making the stock its 7th largest position. Global Wealth Strategies & Associates’ holdings in iShares MSCI USA Momentum Factor ETF were worth $10,173,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the business. 1ST Source Bank acquired a new stake in iShares MSCI USA Momentum Factor ETF in the third quarter worth $219,000. Wilmington Savings Fund Society FSB bought a new position in shares of iShares MSCI USA Momentum Factor ETF during the 3rd quarter worth about $227,000. World Investment Advisors LLC grew its stake in shares of iShares MSCI USA Momentum Factor ETF by 101.4% in the 3rd quarter. World Investment Advisors LLC now owns 7,739 shares of the company’s stock valued at $1,569,000 after buying an additional 3,897 shares during the period. Sanctuary Advisors LLC increased its position in iShares MSCI USA Momentum Factor ETF by 455.1% in the 3rd quarter. Sanctuary Advisors LLC now owns 157,981 shares of the company’s stock valued at $33,952,000 after buying an additional 129,521 shares in the last quarter. Finally, Sculati Wealth Management LLC boosted its holdings in iShares MSCI USA Momentum Factor ETF by 12.8% in the third quarter. Sculati Wealth Management LLC now owns 1,270 shares of the company’s stock worth $238,000 after acquiring an additional 144 shares in the last quarter.

iShares MSCI USA Momentum Factor ETF Stock Performance

iShares MSCI USA Momentum Factor ETF stock traded down $0.97 during mid-day trading on Thursday, reaching $206.92. The stock had a trading volume of 1,508,563 shares. The firm has a market capitalization of $11.20 billion, a PE ratio of 18.53 and a beta of 1.10. iShares MSCI USA Momentum Factor ETF has a fifty-two week low of $81.37 and a fifty-two week high of $113.60. The stock’s 50-day simple moving average is $210.93 and its 200-day simple moving average is $201.38.

About iShares MSCI USA Momentum Factor ETF

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.