AlphaCore Capital LLC Makes New Investment in iShares MSCI USA Momentum Factor ETF $MTUM

AlphaCore Capital LLC acquired a new position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 592 shares of the company’s stock, valued at approximately $142,000.

Other hedge funds also recently bought and sold shares of the company. Mullooly Asset Management Inc. acquired a new stake in iShares MSCI USA Momentum Factor ETF in the 1st quarter worth about $2,162,511,000. Envestnet Asset Management Inc. lifted its position in shares of iShares MSCI USA Momentum Factor ETF by 9.5% in the second quarter. Envestnet Asset Management Inc. now owns 12,639,702 shares of the company’s stock valued at $3,037,545,000 after acquiring an additional 1,094,104 shares in the last quarter. CHURCHILL MANAGEMENT Corp acquired a new stake in shares of iShares MSCI USA Momentum Factor ETF in the second quarter worth approximately $220,286,000. Orgel Wealth Management LLC acquired a new stake in shares of iShares MSCI USA Momentum Factor ETF in the second quarter worth approximately $158,559,000. Finally, Park Avenue Securities LLC purchased a new stake in shares of iShares MSCI USA Momentum Factor ETF during the second quarter worth approximately $109,923,000.

iShares MSCI USA Momentum Factor ETF Stock Performance

BATS MTUM opened at $244.20 on Wednesday. The company has a market cap of $17.83 billion, a P/E ratio of 28.67 and a beta of 1.02. iShares MSCI USA Momentum Factor ETF has a one year low of $168.49 and a one year high of $240.99. The business has a fifty day moving average price of $251.91 and a 200 day moving average price of $243.09.

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.