Beacon Financial Planning Inc. Buys 4,063 Shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

Beacon Financial Planning Inc. boosted its stake in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 178.8% during the fourth quarter, Holdings Channel.com reports. The firm owned 6,336 shares of the company’s stock after purchasing an additional 4,063 shares during the quarter. iShares MSCI USA Momentum Factor ETF makes up about 0.8% of Beacon Financial Planning Inc.’s investment portfolio, making the stock its 20th biggest position. Beacon Financial Planning Inc.’s holdings in iShares MSCI USA Momentum Factor ETF were worth $1,311,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. 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 valued at $25,000 after buying an additional 113 shares during the last quarter. Signaturefd LLC boosted its stake in iShares MSCI USA Momentum Factor ETF by 1,550.0% in the third 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. Thurston Springer Miller Herd & Titak Inc. grew its holdings in iShares MSCI USA Momentum Factor ETF by 1,880.0% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 198 shares of the company’s stock worth $41,000 after purchasing an additional 188 shares during the last quarter. Capital Performance Advisors LLP acquired a new position in shares of iShares MSCI USA Momentum Factor ETF during the third quarter worth $43,000. Finally, AdvisorNet Financial Inc lifted its holdings in shares of iShares MSCI USA Momentum Factor ETF by 51.4% during the 4th quarter. AdvisorNet Financial Inc now owns 218 shares of the company’s stock valued at $45,000 after purchasing an additional 74 shares during the last quarter.

iShares MSCI USA Momentum Factor ETF Price Performance

iShares MSCI USA Momentum Factor ETF stock opened at $220.43 on Wednesday. iShares MSCI USA Momentum Factor ETF has a 1-year low of $81.37 and a 1-year high of $113.60. The business has a fifty day moving average price of $213.49 and a 200-day moving average price of $204.20. The stock has a market capitalization of $11.94 billion, a price-to-earnings ratio of 18.53 and a beta of 1.10.

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.