6,972 Shares in iShares MSCI USA Momentum Factor ETF $MTUM Bought by Partners Wealth Management LLC

Partners Wealth Management LLC bought a new stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) in the 3rd quarter, HoldingsChannel reports. The institutional investor bought 6,972 shares of the company’s stock, valued at approximately $2,212,000.

A number of other institutional investors and hedge funds also recently modified their holdings of MTUM. New England Private Wealth Advisors LLC lifted its holdings in iShares MSCI USA Momentum Factor ETF by 0.3% during the third quarter. New England Private Wealth Advisors LLC now owns 10,339 shares of the company’s stock worth $3,281,000 after acquiring an additional 34 shares during the period. Beacon Financial Advisory LLC boosted its position in iShares MSCI USA Momentum Factor ETF by 2.5% in the first quarter. Beacon Financial Advisory LLC now owns 1,504 shares of the company’s stock worth $361,000 after purchasing an additional 36 shares during the last quarter. Signaturefd LLC boosted its position in iShares MSCI USA Momentum Factor ETF by 5.4% in the third quarter. Signaturefd LLC now owns 762 shares of the company’s stock worth $242,000 after purchasing an additional 39 shares during the last quarter. 1ST Source Bank boosted its position in iShares MSCI USA Momentum Factor ETF by 4.9% in the first quarter. 1ST Source Bank now owns 944 shares of the company’s stock worth $227,000 after purchasing an additional 44 shares during the last quarter. Finally, LifeSteps Financial Inc. grew its stake in iShares MSCI USA Momentum Factor ETF by 2.8% in the 3rd quarter. LifeSteps Financial Inc. now owns 1,677 shares of the company’s stock valued at $532,000 after purchasing an additional 46 shares during the period.

iShares MSCI USA Momentum Factor ETF Price Performance

Shares of BATS:MTUM opened at $298.34 on Friday. iShares MSCI USA Momentum Factor ETF has a 1 year low of $229.42 and a 1 year high of $345.59. The company has a market capitalization of $21.78 billion, a PE ratio of 28.67 and a beta of 1.02. The business has a fifty day moving average price of $306.86 and a two-hundred day moving average price of $289.67.

Shares of iShares MSCI USA Momentum Factor ETF are scheduled to split on Thursday, November 5th. The 4-1 split was recently announced. The newly issued shares will be distributed to shareholders after the closing bell on Wednesday, November 4th.

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.