Activest Wealth Management Purchases Shares of 4,750 iShares MSCI USA Momentum Factor ETF $MTUM

Activest Wealth Management purchased a new position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 4,750 shares of the company’s stock, valued at approximately $1,216,000.

Other hedge funds also recently bought and sold shares of the company. Acropolis Investment Management LLC raised its holdings in shares of iShares MSCI USA Momentum Factor ETF by 4.5% during the third quarter. Acropolis Investment Management LLC now owns 134,659 shares of the company’s stock valued at $32,361,000 after acquiring an additional 5,813 shares in the last quarter. Strategic Blueprint LLC increased its position in iShares MSCI USA Momentum Factor ETF by 18.9% during the 3rd quarter. Strategic Blueprint LLC now owns 30,074 shares of the company’s stock valued at $7,713,000 after purchasing an additional 4,790 shares during the period. Advocacy Wealth Management Services LLC raised its holdings in iShares MSCI USA Momentum Factor ETF by 5.7% in the 2nd quarter. Advocacy Wealth Management Services LLC now owns 88,416 shares of the company’s stock worth $21,248,000 after purchasing an additional 4,752 shares in the last quarter. Beacon Financial Group lifted its position in shares of iShares MSCI USA Momentum Factor ETF by 11.0% in the 3rd quarter. Beacon Financial Group now owns 22,212 shares of the company’s stock worth $5,696,000 after purchasing an additional 2,203 shares during the period. Finally, FLP Wealth Management LLC boosted its stake in shares of iShares MSCI USA Momentum Factor ETF by 753.1% during the 3rd quarter. FLP Wealth Management LLC now owns 12,566 shares of the company’s stock valued at $3,223,000 after purchasing an additional 11,093 shares in the last quarter.

iShares MSCI USA Momentum Factor ETF Price Performance

Shares of BATS MTUM opened at $260.21 on Thursday. iShares MSCI USA Momentum Factor ETF has a 1 year low of $168.49 and a 1 year high of $240.99. The stock has a market capitalization of $19.00 billion, a P/E ratio of 28.67 and a beta of 1.02. The company’s 50-day moving average is $252.40 and its 200 day moving average is $249.76.

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.