Soltis Investment Advisors LLC Acquires New Stake in iShares MSCI USA Momentum Factor ETF $MTUM

Soltis Investment Advisors LLC acquired a new stake in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 2,678 shares of the company’s stock, valued at approximately $670,000.

Several other large investors also recently added to or reduced their stakes in the business. Independent Solutions Wealth Management LLC boosted its stake in iShares MSCI USA Momentum Factor ETF by 17.4% during the fourth quarter. Independent Solutions Wealth Management LLC now owns 9,341 shares of the company’s stock valued at $2,338,000 after buying an additional 1,387 shares during the period. Tennessee Valley Asset Management Partners boosted its stake in iShares MSCI USA Momentum Factor ETF by 17.3% during the fourth quarter. Tennessee Valley Asset Management Partners now owns 984 shares of the company’s stock valued at $246,000 after buying an additional 145 shares during the period. Sound Portfolio Advisors LLC bought a new stake in iShares MSCI USA Momentum Factor ETF during the fourth quarter valued at $6,230,000. PAX Financial Group LLC boosted its stake in iShares MSCI USA Momentum Factor ETF by 66.1% during the fourth quarter. PAX Financial Group LLC now owns 40,342 shares of the company’s stock valued at $10,098,000 after buying an additional 16,054 shares during the period. Finally, Legacy Financial Group LLC boosted its stake in iShares MSCI USA Momentum Factor ETF by 60.7% during the fourth quarter. Legacy Financial Group LLC now owns 32,194 shares of the company’s stock valued at $7,954,000 after buying an additional 12,160 shares during the period.

iShares MSCI USA Momentum Factor ETF Stock Down 1.3%

BATS MTUM opened at $294.32 on Tuesday. The stock’s 50-day simple moving average is $265.07 and its two-hundred day simple moving average is $256.61. iShares MSCI USA Momentum Factor ETF has a twelve month low of $223.47 and a twelve month high of $307.96. The company has a market capitalization of $21.49 billion, a price-to-earnings ratio of 28.67 and a beta of 1.02.

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.