Sowell Financial Services LLC Boosts Stake in iShares MSCI USA Momentum Factor ETF $MTUM

Sowell Financial Services LLC lifted its position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 23.7% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 11,791 shares of the company’s stock after purchasing an additional 2,258 shares during the quarter. Sowell Financial Services LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $3,024,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Ehrlich Financial Group boosted its holdings in shares of iShares MSCI USA Momentum Factor ETF by 6.0% in the third quarter. Ehrlich Financial Group now owns 8,634 shares of the company’s stock valued at $2,214,000 after acquiring an additional 485 shares during the period. Apollon Wealth Management LLC raised its position in iShares MSCI USA Momentum Factor ETF by 5.9% in the 3rd quarter. Apollon Wealth Management LLC now owns 22,729 shares of the company’s stock valued at $5,829,000 after purchasing an additional 1,263 shares during the last quarter. LifeSteps Financial Inc. raised its position in iShares MSCI USA Momentum Factor ETF by 2.3% in the 3rd quarter. LifeSteps Financial Inc. now owns 1,920 shares of the company’s stock valued at $492,000 after purchasing an additional 44 shares during the last quarter. Yeomans Consulting Group Inc. boosted its stake in iShares MSCI USA Momentum Factor ETF by 79.2% during the 3rd quarter. Yeomans Consulting Group Inc. now owns 59,839 shares of the company’s stock worth $15,313,000 after purchasing an additional 26,440 shares during the period. Finally, BCU Wealth Advisors LLC grew its position in iShares MSCI USA Momentum Factor ETF by 38.7% during the 3rd quarter. BCU Wealth Advisors LLC now owns 3,924 shares of the company’s stock worth $1,006,000 after purchasing an additional 1,094 shares during the last quarter.

iShares MSCI USA Momentum Factor ETF Stock Performance

BATS MTUM opened at $254.97 on Monday. The firm’s fifty day moving average is $250.15 and its two-hundred day moving average is $246.51. iShares MSCI USA Momentum Factor ETF has a one year low of $168.49 and a one year high of $240.99. The firm has a market cap of $18.61 billion, a PE ratio of 28.67 and a beta of 1.02.

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. MTUM was launched on Apr 16, 2013 and is managed by BlackRock.