Waystone Advisors LLC Takes $1.04 Million Position in iShares MSCI USA Momentum Factor ETF $MTUM

Waystone Advisors LLC acquired a new stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 4,155 shares of the company’s stock, valued at approximately $1,040,000. iShares MSCI USA Momentum Factor ETF makes up 0.9% of Waystone Advisors LLC’s investment portfolio, making the stock its 26th biggest position.

A number of other hedge funds and other institutional investors have also modified their holdings of MTUM. Caliber Wealth Management LLC KS raised its stake in iShares MSCI USA Momentum Factor ETF by 0.4% during the 4th quarter. Caliber Wealth Management LLC KS now owns 9,680 shares of the company’s stock worth $2,423,000 after acquiring an additional 39 shares in the last quarter. Traction Financial Partners LLC raised its stake in iShares MSCI USA Momentum Factor ETF by 3.4% during the 4th quarter. Traction Financial Partners LLC now owns 1,206 shares of the company’s stock worth $302,000 after acquiring an additional 40 shares in the last quarter. Lunt Capital Management Inc. raised its stake in iShares MSCI USA Momentum Factor ETF by 3.0% during the 4th quarter. Lunt Capital Management Inc. now owns 1,500 shares of the company’s stock worth $375,000 after acquiring an additional 43 shares in the last quarter. Venturi Wealth Management LLC raised its stake in iShares MSCI USA Momentum Factor ETF by 1.2% during the 4th quarter. Venturi Wealth Management LLC now owns 3,942 shares of the company’s stock worth $987,000 after acquiring an additional 45 shares in the last quarter. Finally, Mutual Advisors LLC raised its stake in iShares MSCI USA Momentum Factor ETF by 0.8% during the 4th quarter. Mutual Advisors LLC now owns 5,728 shares of the company’s stock worth $1,434,000 after acquiring an additional 45 shares in the last quarter.

iShares MSCI USA Momentum Factor ETF Price Performance

Shares of BATS:MTUM opened at $313.33 on Thursday. The company’s fifty day moving average price is $273.25 and its 200 day moving average price is $259.16. iShares MSCI USA Momentum Factor ETF has a 12 month low of $228.53 and a 12 month high of $317.25. The firm has a market capitalization of $22.87 billion, a P/E ratio of 28.67 and a beta of 1.02.

iShares MSCI USA Momentum Factor ETF Company 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.