Corient Private Wealth LLC Buys 174,883 Shares of iShares MSCI USA Momentum Factor ETF $MTUM

Corient Private Wealth LLC grew its stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 24.4% in the 4th quarter, Holdings Channel.com reports. The firm owned 891,619 shares of the company’s stock after purchasing an additional 174,883 shares during the period. Corient Private Wealth LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $223,181,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Storen Legacy Partners LLC bought a new position in shares of iShares MSCI USA Momentum Factor ETF during the 4th quarter valued at approximately $318,000. Rehmann Capital Advisory Group lifted its position in iShares MSCI USA Momentum Factor ETF by 3.5% in the fourth quarter. Rehmann Capital Advisory Group now owns 3,640 shares of the company’s stock worth $911,000 after buying an additional 123 shares during the last quarter. SHP Wealth Management purchased a new position in iShares MSCI USA Momentum Factor ETF during the fourth quarter worth $1,431,000. WMS Group LLC bought a new position in iShares MSCI USA Momentum Factor ETF during the fourth quarter valued at $2,917,000. Finally, Sankala Group LLC purchased a new stake in shares of iShares MSCI USA Momentum Factor ETF in the fourth quarter valued at $181,000.

iShares MSCI USA Momentum Factor ETF Stock Performance

BATS MTUM opened at $338.52 on Friday. iShares MSCI USA Momentum Factor ETF has a one year low of $229.42 and a one year high of $339.83. The company has a market capitalization of $24.71 billion, a price-to-earnings ratio of 28.67 and a beta of 1.02. The company’s 50-day simple moving average is $299.59 and its two-hundred day simple moving average is $268.14.

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