Ashton Thomas Securities LLC Purchases New Stake in iShares MSCI USA Momentum Factor ETF $MTUM

Ashton Thomas Securities LLC acquired a new position in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 7,703 shares of the company’s stock, valued at approximately $1,975,000.

Several other institutional investors have also recently added to or reduced their stakes in the business. TFC Financial Management Inc. bought a new position in shares of iShares MSCI USA Momentum Factor ETF in the 3rd quarter worth about $28,000. Harbor Investment Advisory LLC grew its position in shares of iShares MSCI USA Momentum Factor ETF by 262.2% during the 2nd quarter. Harbor Investment Advisory LLC now owns 163 shares of the company’s stock valued at $39,000 after buying an additional 118 shares during the last quarter. WFA of San Diego LLC acquired a new stake in iShares MSCI USA Momentum Factor ETF during the second quarter worth about $46,000. GAMMA Investing LLC raised its stake in iShares MSCI USA Momentum Factor ETF by 45.0% during the second quarter. GAMMA Investing LLC now owns 216 shares of the company’s stock worth $52,000 after acquiring an additional 67 shares during the period. Finally, MassMutual Private Wealth & Trust FSB lifted its holdings in iShares MSCI USA Momentum Factor ETF by 397.8% in the third quarter. MassMutual Private Wealth & Trust FSB now owns 224 shares of the company’s stock worth $57,000 after acquiring an additional 179 shares during the last quarter.

iShares MSCI USA Momentum Factor ETF Stock Up 23.8%

Shares of MTUM stock opened at $258.82 on Wednesday. The company has a market cap of $18.89 billion, a P/E ratio of 28.67 and a beta of 1.02. The business has a 50 day moving average of $250.28 and a two-hundred day moving average of $248.36. iShares MSCI USA Momentum Factor ETF has a 52 week low of $168.49 and a 52 week high of $240.99.

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