Brookstone Capital Management Has $9.64 Million Holdings in iShares MSCI USA Momentum Factor ETF $MTUM

Brookstone Capital Management grew its holdings in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 14.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 38,526 shares of the company’s stock after acquiring an additional 4,821 shares during the quarter. Brookstone Capital Management owned 0.05% of iShares MSCI USA Momentum Factor ETF worth $9,644,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in MTUM. Caprock Group LLC bought a new stake in shares of iShares MSCI USA Momentum Factor ETF during the third quarter worth $3,283,000. Acropolis Investment Management LLC lifted its stake in shares of iShares MSCI USA Momentum Factor ETF by 4.5% in the 3rd 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 during the last quarter. Strategic Blueprint LLC lifted its stake in shares of iShares MSCI USA Momentum Factor ETF by 18.9% in the 3rd quarter. Strategic Blueprint LLC now owns 30,074 shares of the company’s stock valued at $7,713,000 after acquiring an additional 4,790 shares during the last quarter. Braun Bostich & Associates Inc. boosted its holdings in shares of iShares MSCI USA Momentum Factor ETF by 63.4% during the 4th quarter. Braun Bostich & Associates Inc. now owns 11,497 shares of the company’s stock valued at $2,878,000 after acquiring an additional 4,463 shares in the last quarter. Finally, Beacon Financial Group boosted its holdings in shares of iShares MSCI USA Momentum Factor ETF by 11.0% during the 3rd quarter. Beacon Financial Group now owns 22,212 shares of the company’s stock valued at $5,696,000 after acquiring an additional 2,203 shares in the last quarter.

iShares MSCI USA Momentum Factor ETF Stock Up 4.0%

Shares of MTUM stock opened at $239.99 on Wednesday. iShares MSCI USA Momentum Factor ETF has a twelve month low of $171.51 and a twelve month high of $262.10. The stock’s fifty day simple moving average is $250.09 and its 200 day simple moving average is $251.56. The firm has a market capitalization of $17.52 billion, a P/E 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.