Noble Wealth Partners LLC Purchases Shares of 2,028 iShares MSCI USA Momentum Factor ETF $MTUM

Noble Wealth Partners LLC bought a new stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 2,028 shares of the company’s stock, valued at approximately $695,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Triumph Capital Management purchased a new stake in shares of iShares MSCI USA Momentum Factor ETF during the 3rd quarter valued at $25,000. Cary Street Partners Financial LLC acquired a new stake in shares of iShares MSCI USA Momentum Factor ETF during the 4th quarter worth $25,000. Financial Network Wealth Advisors LLC raised its position in shares of iShares MSCI USA Momentum Factor ETF by 176.3% in the 4th quarter. Financial Network Wealth Advisors LLC now owns 105 shares of the company’s stock worth $26,000 after buying an additional 67 shares during the period. Fairway Wealth LLC purchased a new position in shares of iShares MSCI USA Momentum Factor ETF in the 2nd quarter worth $36,000. Finally, Turtle Creek Wealth Advisors LLC acquired a new position in iShares MSCI USA Momentum Factor ETF in the first quarter valued at $26,000.

iShares MSCI USA Momentum Factor ETF Trading Up 1.8%

MTUM stock opened at $304.86 on Friday. The company has a market cap of $22.25 billion, a PE ratio of 28.67 and a beta of 1.02. The stock has a 50-day moving average price of $309.56 and a two-hundred day moving average price of $290.44. iShares MSCI USA Momentum Factor ETF has a 12-month low of $229.42 and a 12-month high of $345.59.

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.