WealthPoint Financial LLC Invests $464,000 in iShares MSCI USA Momentum Factor ETF $MTUM

WealthPoint Financial LLC purchased a new position in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 1,854 shares of the company’s stock, valued at approximately $464,000.

Other hedge funds also recently added to or reduced their stakes in the company. Claris Financial LLC purchased a new position in shares of iShares MSCI USA Momentum Factor ETF during the fourth quarter valued at approximately $8,854,000. Axxcess Wealth Management LLC grew its stake in shares of iShares MSCI USA Momentum Factor ETF by 36.0% during the fourth quarter. Axxcess Wealth Management LLC now owns 3,988 shares of the company’s stock valued at $998,000 after buying an additional 1,055 shares during the last quarter. Corient Private Wealth LLC raised its holdings in shares of iShares MSCI USA Momentum Factor ETF by 185.9% in the fourth quarter. Corient Private Wealth LLC now owns 2,048,917 shares of the company’s stock worth $512,864,000 after buying an additional 1,332,181 shares during the period. High Falls Advisors Inc increased its stake in iShares MSCI USA Momentum Factor ETF by 60.6% in the fourth quarter. High Falls Advisors Inc now owns 49,463 shares of the company’s stock worth $12,381,000 after purchasing an additional 18,668 shares during the period. Finally, Mercer Global Advisors Inc. ADV lifted its holdings in iShares MSCI USA Momentum Factor ETF by 3.0% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 7,824,890 shares of the company’s stock valued at $1,958,649,000 after buying an additional 229,850 shares in the last quarter.

iShares MSCI USA Momentum Factor ETF Stock Performance

iShares MSCI USA Momentum Factor ETF stock opened at $338.52 on Friday. The company has a 50 day moving average price of $298.01 and a 200-day moving average price of $267.65. The company has a market capitalization of $24.71 billion, a PE ratio of 28.67 and a beta of 1.02. iShares MSCI USA Momentum Factor ETF has a fifty-two week low of $229.42 and a fifty-two week high of $339.83.

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. MTUM was launched on Apr 16, 2013 and is managed by BlackRock.