B. Riley Wealth Advisors Inc. Invests $5.40 Million in iShares MSCI USA Momentum Factor ETF $MTUM

B. Riley Wealth Advisors Inc. bought a new stake in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 22,467 shares of the company’s stock, valued at approximately $5,399,000.

Several other hedge funds have also recently modified their holdings of the stock. Harbor Investment Advisory LLC grew its holdings in shares of iShares MSCI USA Momentum Factor ETF by 262.2% in the second quarter. Harbor Investment Advisory LLC now owns 163 shares of the company’s stock valued at $39,000 after purchasing an additional 118 shares in the last quarter. WFA of San Diego LLC acquired a new position in iShares MSCI USA Momentum Factor ETF during the 2nd quarter worth approximately $46,000. GAMMA Investing LLC increased its position in shares of iShares MSCI USA Momentum Factor ETF by 45.0% in the 2nd quarter. GAMMA Investing LLC now owns 216 shares of the company’s stock valued at $52,000 after purchasing an additional 67 shares during the last quarter. Hilltop National Bank acquired a new position in iShares MSCI USA Momentum Factor ETF during the second quarter worth $55,000. Finally, Fortitude Family Office LLC lifted its stake in iShares MSCI USA Momentum Factor ETF by 109.0% in the second quarter. Fortitude Family Office LLC now owns 255 shares of the company’s stock valued at $61,000 after buying an additional 133 shares in the last quarter.

iShares MSCI USA Momentum Factor ETF Price Performance

BATS MTUM opened at $249.49 on Friday. The firm has a market cap of $18.21 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 stock’s 50-day moving average is $250.78 and its 200-day moving average is $245.10.

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.