Wealth Alliance LLC Has $7.15 Million Stock Position in iShares MSCI USA Momentum Factor ETF $MTUM

Wealth Alliance LLC lowered its stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 5.5% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 29,794 shares of the company’s stock after selling 1,733 shares during the quarter. iShares MSCI USA Momentum Factor ETF makes up approximately 0.7% of Wealth Alliance LLC’s investment portfolio, making the stock its 26th largest position. Wealth Alliance LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $7,150,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the stock. Cary Street Partners Financial LLC acquired a new position in iShares MSCI USA Momentum Factor ETF during the 4th quarter worth approximately $25,000. Triumph Capital Management bought a new position in iShares MSCI USA Momentum Factor ETF in the 3rd quarter valued at approximately $25,000. Eagle Bay Advisors LLC acquired a new stake in iShares MSCI USA Momentum Factor ETF in the fourth quarter valued at approximately $26,000. Financial Network Wealth Advisors LLC boosted its position in iShares MSCI USA Momentum Factor ETF by 176.3% in the fourth quarter. Financial Network Wealth Advisors LLC now owns 105 shares of the company’s stock valued at $26,000 after buying an additional 67 shares in the last quarter. Finally, Turtle Creek Wealth Advisors LLC acquired a new stake in iShares MSCI USA Momentum Factor ETF in the first quarter valued at approximately $26,000.

iShares MSCI USA Momentum Factor ETF Stock Performance

BATS MTUM opened at $306.39 on Friday. The firm’s fifty day moving average price is $318.06 and its two-hundred day moving average price is $280.16. The stock has a market cap of $22.37 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 $345.59.

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.