Global Wealth Strategies & Associates Has $10.17 Million Stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

Global Wealth Strategies & Associates boosted its holdings in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 1.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 49,162 shares of the company’s stock after acquiring an additional 881 shares during the quarter. iShares MSCI USA Momentum Factor ETF accounts for about 3.2% of Global Wealth Strategies & Associates’ portfolio, making the stock its 7th largest position. Global Wealth Strategies & Associates owned 0.09% of iShares MSCI USA Momentum Factor ETF worth $10,173,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in MTUM. Fortitude Family Office LLC grew its stake in shares of iShares MSCI USA Momentum Factor ETF by 1,255.6% in 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. Signaturefd LLC lifted its holdings in iShares MSCI USA Momentum Factor ETF by 1,550.0% during the 3rd quarter. Signaturefd LLC now owns 165 shares of the company’s stock worth $33,000 after buying an additional 155 shares during the period. Abich Financial Wealth Management LLC bought a new stake in shares of iShares MSCI USA Momentum Factor ETF in the 2nd quarter valued at about $33,000. Capital Performance Advisors LLP acquired a new stake in shares of iShares MSCI USA Momentum Factor ETF in the third quarter valued at about $43,000. Finally, JDM Financial Group LLC bought a new position in shares of iShares MSCI USA Momentum Factor ETF during the third quarter worth about $50,000.

iShares MSCI USA Momentum Factor ETF Price Performance

Shares of iShares MSCI USA Momentum Factor ETF stock traded down $0.97 during midday trading on Thursday, reaching $206.92. The company had a trading volume of 1,508,563 shares. The stock has a fifty day moving average price of $210.93 and a 200 day moving average price of $201.38. 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 firm has a market cap of $11.20 billion, a PE ratio of 18.53 and a beta of 1.10.

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.