Allworth Financial LP Buys 8,731 Shares of iShares MSCI USA Momentum Factor ETF $MTUM

Allworth Financial LP lifted its stake in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 88.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 18,613 shares of the company’s stock after purchasing an additional 8,731 shares during the period. Allworth Financial LP’s holdings in iShares MSCI USA Momentum Factor ETF were worth $4,473,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in MTUM. Symmetry Partners LLC increased its stake in iShares MSCI USA Momentum Factor ETF by 7.7% in the 2nd quarter. Symmetry Partners LLC now owns 220,864 shares of the company’s stock worth $53,078,000 after acquiring an additional 15,774 shares during the last quarter. AE Wealth Management LLC lifted its holdings in shares of iShares MSCI USA Momentum Factor ETF by 3.2% in the 2nd quarter. AE Wealth Management LLC now owns 95,876 shares of the company’s stock worth $23,041,000 after acquiring an additional 3,008 shares during the last quarter. Fortune Financial Advisors LLC boosted its position in iShares MSCI USA Momentum Factor ETF by 46.2% during the second quarter. Fortune Financial Advisors LLC now owns 2,029 shares of the company’s stock valued at $488,000 after buying an additional 641 shares during the period. Scissortail Wealth Management LLC bought a new position in iShares MSCI USA Momentum Factor ETF during the 1st quarter worth approximately $4,529,000. Finally, GAMMA Investing LLC increased its stake in shares of iShares MSCI USA Momentum Factor ETF by 45.0% in the second quarter. GAMMA Investing LLC now owns 216 shares of the company’s stock worth $52,000 after buying an additional 67 shares during the period.

iShares MSCI USA Momentum Factor ETF Trading Up 20.4%

iShares MSCI USA Momentum Factor ETF stock opened at $251.66 on Wednesday. iShares MSCI USA Momentum Factor ETF has a 1-year low of $168.49 and a 1-year high of $240.99. The firm has a 50-day moving average of $253.17 and a 200-day moving average of $240.99. The firm has a market cap of $18.37 billion, a P/E ratio of 28.67 and a beta of 1.02.

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.