Braun Bostich & Associates Inc. Boosts Holdings in iShares MSCI USA Momentum Factor ETF $MTUM

Braun Bostich & Associates Inc. boosted its stake in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 63.4% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 11,497 shares of the company’s stock after purchasing an additional 4,463 shares during the period. iShares MSCI USA Momentum Factor ETF makes up approximately 1.8% of Braun Bostich & Associates Inc.’s portfolio, making the stock its 18th biggest holding. Braun Bostich & Associates Inc.’s holdings in iShares MSCI USA Momentum Factor ETF were worth $2,878,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Bison Wealth LLC boosted its stake in shares of iShares MSCI USA Momentum Factor ETF by 4.4% in the fourth quarter. Bison Wealth LLC now owns 3,148 shares of the company’s stock worth $651,000 after buying an additional 133 shares during the last quarter. Empowered Funds LLC acquired a new stake in iShares MSCI USA Momentum Factor ETF during the first quarter worth about $2,488,000. Coldstream Capital Management Inc. raised its position in iShares MSCI USA Momentum Factor ETF by 17.9% during the second quarter. Coldstream Capital Management Inc. now owns 1,382 shares of the company’s stock valued at $332,000 after acquiring an additional 210 shares in the last quarter. Russell Investments Group Ltd. raised its position in iShares MSCI USA Momentum Factor ETF by 15.1% during the second quarter. Russell Investments Group Ltd. now owns 973 shares of the company’s stock valued at $234,000 after acquiring an additional 128 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its holdings in iShares MSCI USA Momentum Factor ETF by 1.1% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 247,426 shares of the company’s stock valued at $59,461,000 after acquiring an additional 2,785 shares during the period.

iShares MSCI USA Momentum Factor ETF Trading Down 1.0%

Shares of BATS:MTUM opened at $235.76 on Friday. iShares MSCI USA Momentum Factor ETF has a 12-month low of $171.51 and a 12-month high of $262.10. The business has a 50 day moving average of $250.90 and a two-hundred day moving average of $251.83. The company has a market capitalization of $17.21 billion, a PE ratio of 28.67 and a beta of 1.02.

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.