Dorsey Wright & Associates Has $7.01 Million Stock Holdings in iShares MSCI USA Momentum Factor ETF $MTUM

Dorsey Wright & Associates raised its stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 147.8% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 29,213 shares of the company’s stock after acquiring an additional 17,426 shares during the quarter. Dorsey Wright & Associates’ holdings in iShares MSCI USA Momentum Factor ETF were worth $7,011,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of MTUM. Quadrant Private Wealth Management LLC increased its holdings in shares of iShares MSCI USA Momentum Factor ETF by 12.1% in the first quarter. Quadrant Private Wealth Management LLC now owns 17,795 shares of the company’s stock valued at $4,271,000 after purchasing an additional 1,915 shares in the last quarter. Cornerstone Planning Group LLC lifted its holdings in iShares MSCI USA Momentum Factor ETF by 44.8% during the 1st quarter. Cornerstone Planning Group LLC now owns 10,522 shares of the company’s stock worth $2,525,000 after buying an additional 3,256 shares in the last quarter. Modera Wealth Management LLC lifted its holdings in iShares MSCI USA Momentum Factor ETF by 2.4% during the 1st quarter. Modera Wealth Management LLC now owns 4,207 shares of the company’s stock worth $1,010,000 after buying an additional 98 shares in the last quarter. Fiscal Wisdom Wealth Management LLC bought a new position in iShares MSCI USA Momentum Factor ETF in the 1st quarter valued at $251,000. Finally, Independent Financial Group LLC bought a new position in iShares MSCI USA Momentum Factor ETF in the 1st quarter valued at $6,143,000.

iShares MSCI USA Momentum Factor ETF Stock Down 0.4%

Shares of MTUM opened at $302.09 on Friday. iShares MSCI USA Momentum Factor ETF has a 12-month low of $229.42 and a 12-month high of $345.59. The firm has a market capitalization of $22.05 billion, a PE ratio of 28.67 and a beta of 1.02. The stock’s fifty day simple moving average is $317.45 and its 200-day simple moving average is $278.11.

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.