WealthShield Partners LLC Acquires 9,080 Shares of iShares MSCI USA Momentum Factor ETF $MTUM

WealthShield Partners LLC boosted its holdings in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 54.0% during the fourth quarter, HoldingsChannel.com reports. The fund owned 25,884 shares of the company’s stock after purchasing an additional 9,080 shares during the period. WealthShield Partners LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $6,479,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Bison Wealth LLC lifted its position in shares of iShares MSCI USA Momentum Factor ETF by 4.4% during the 4th quarter. Bison Wealth LLC now owns 3,148 shares of the company’s stock worth $651,000 after buying an additional 133 shares during the period. Empowered Funds LLC acquired a new stake in shares of iShares MSCI USA Momentum Factor ETF in the 1st quarter valued at $2,488,000. Russell Investments Group Ltd. grew its holdings in shares of iShares MSCI USA Momentum Factor ETF by 15.1% in the 2nd quarter. Russell Investments Group Ltd. now owns 973 shares of the company’s stock worth $234,000 after purchasing an additional 128 shares during the last quarter. First Trust Advisors LP bought a new position in iShares MSCI USA Momentum Factor ETF during the 2nd quarter valued at about $350,000. Finally, Qube Research & Technologies Ltd boosted its position in iShares MSCI USA Momentum Factor ETF by 543.9% in the second quarter. Qube Research & Technologies Ltd now owns 127,461 shares of the company’s stock valued at $30,631,000 after buying an additional 107,665 shares in the last quarter.

iShares MSCI USA Momentum Factor ETF Trading Up 2.8%

Shares of iShares MSCI USA Momentum Factor ETF stock opened at $299.18 on Thursday. iShares MSCI USA Momentum Factor ETF has a 1-year low of $213.59 and a 1-year high of $299.47. The firm’s 50-day moving average price is $257.15 and its two-hundred day moving average price is $253.96. The stock has a market capitalization of $21.84 billion, a price-to-earnings ratio of 28.67 and a beta of 1.02.

iShares MSCI USA Momentum Factor ETF Company 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. MTUM was launched on Apr 16, 2013 and is managed by BlackRock.