BCGM Wealth Management LLC Grows Stake in iShares MSCI USA Momentum Factor ETF $MTUM

BCGM Wealth Management LLC boosted its holdings in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 45.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 25,663 shares of the company’s stock after purchasing an additional 7,960 shares during the quarter. iShares MSCI USA Momentum Factor ETF comprises 1.6% of BCGM Wealth Management LLC’s portfolio, making the stock its 13th biggest holding. BCGM Wealth Management LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $6,424,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Triumph Capital Management bought a new position in iShares MSCI USA Momentum Factor ETF in the 3rd quarter worth approximately $25,000. TFC Financial Management Inc. bought a new stake in shares of iShares MSCI USA Momentum Factor ETF during the third quarter valued at approximately $28,000. United Financial Planning Group LLC purchased a new position in shares of iShares MSCI USA Momentum Factor ETF in the third quarter worth $28,000. Howe & Rusling Inc. lifted its holdings in shares of iShares MSCI USA Momentum Factor ETF by 425.0% in the third quarter. Howe & Rusling Inc. now owns 126 shares of the company’s stock worth $32,000 after buying an additional 102 shares in the last quarter. Finally, Ameriflex Group Inc. boosted its position in shares of iShares MSCI USA Momentum Factor ETF by 604.3% during the third quarter. Ameriflex Group Inc. now owns 162 shares of the company’s stock worth $42,000 after acquiring an additional 139 shares during the last quarter.

iShares MSCI USA Momentum Factor ETF Stock Performance

MTUM opened at $241.52 on Friday. The stock has a market capitalization of $17.63 billion, a price-to-earnings ratio of 28.67 and a beta of 1.02. The company has a fifty day moving average of $252.45 and a 200 day moving average of $251.88. iShares MSCI USA Momentum Factor ETF has a fifty-two week low of $171.51 and a fifty-two week high of $262.10.

iShares MSCI USA Momentum Factor ETF 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.