Beacon Financial Group Invests $3.35 Million in iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

Beacon Financial Group acquired a new position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 16,175 shares of the company’s stock, valued at approximately $3,347,000.

A number of other institutional investors also recently bought and sold shares of MTUM. New Republic Capital LLC purchased a new stake in iShares MSCI USA Momentum Factor ETF in the 4th quarter worth approximately $117,000. True Vision MN LLC purchased a new stake in shares of iShares MSCI USA Momentum Factor ETF in the fourth quarter worth $1,978,000. Sovran Advisors LLC bought a new stake in shares of iShares MSCI USA Momentum Factor ETF during the 4th quarter valued at $1,912,000. BostonPremier Wealth LLC purchased a new position in shares of iShares MSCI USA Momentum Factor ETF during the 4th quarter valued at $261,000. Finally, Comprehensive Financial Planning Inc. PA bought a new position in iShares MSCI USA Momentum Factor ETF in the 4th quarter worth $89,000.

iShares MSCI USA Momentum Factor ETF Stock Performance

Shares of MTUM stock opened at $225.91 on Wednesday. The stock has a fifty day simple moving average of $214.37 and a two-hundred day simple moving average of $205.39. The firm has a market capitalization of $12.23 billion, a PE ratio of 18.53 and a beta of 1.10. iShares MSCI USA Momentum Factor ETF has a 52-week low of $81.37 and a 52-week 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.