LexAurum Advisors LLC Purchases New Stake in iShares MSCI USA Momentum Factor ETF $MTUM

LexAurum Advisors LLC purchased a new stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 9,502 shares of the company’s stock, valued at approximately $3,015,000.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Independent Wealth Network Inc. increased its stake in shares of iShares MSCI USA Momentum Factor ETF by 21.7% in the 3rd quarter. Independent Wealth Network Inc. now owns 2,579 shares of the company’s stock worth $819,000 after acquiring an additional 460 shares during the last quarter. Onyx Bridge Wealth Group LLC raised its holdings in shares of iShares MSCI USA Momentum Factor ETF by 2.9% during the 3rd quarter. Onyx Bridge Wealth Group LLC now owns 1,857 shares of the company’s stock worth $589,000 after acquiring an additional 52 shares during the period. SteelPeak Wealth LLC raised its holdings in shares of iShares MSCI USA Momentum Factor ETF by 5.5% during the 3rd quarter. SteelPeak Wealth LLC now owns 75,144 shares of the company’s stock worth $23,846,000 after acquiring an additional 3,937 shares during the period. ShoreHaven Wealth Partners LLC raised its holdings in shares of iShares MSCI USA Momentum Factor ETF by 6.1% during the 3rd quarter. ShoreHaven Wealth Partners LLC now owns 18,044 shares of the company’s stock worth $5,726,000 after acquiring an additional 1,040 shares during the period. Finally, Sweeney & Michel LLC boosted its position in shares of iShares MSCI USA Momentum Factor ETF by 1.9% during the 3rd quarter. Sweeney & Michel LLC now owns 9,957 shares of the company’s stock valued at $3,160,000 after acquiring an additional 188 shares during the last quarter.

iShares MSCI USA Momentum Factor ETF Stock Performance

Shares of MTUM stock traded up $3.47 on Monday, hitting $296.64. 577,566 shares of the stock traded hands, compared to its average volume of 1,229,802. The firm’s 50-day moving average price is $309.73 and its two-hundred day moving average price is $304.39. The stock has a market capitalization of $21.65 billion, a PE ratio of 28.67 and a beta of 1.02. iShares MSCI USA Momentum Factor ETF has a twelve month low of $229.42 and a twelve month high of $345.59.

iShares MSCI USA Momentum Factor ETF’s stock is going to split on the morning of Thursday, November 5th. The 4-1 split was recently announced. The newly minted shares will be issued to shareholders after the market closes on Wednesday, November 4th.

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.