FLP Wealth Management LLC Has $5.20 Million Stake in iShares MSCI USA Momentum Factor ETF $MTUM

FLP Wealth Management LLC lifted its stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 65.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 20,776 shares of the company’s stock after purchasing an additional 8,210 shares during the period. iShares MSCI USA Momentum Factor ETF accounts for about 5.2% of FLP Wealth Management LLC’s investment portfolio, making the stock its 7th biggest holding. FLP Wealth Management LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $5,200,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently modified their holdings of the stock. Triumph Capital Management bought a new position in iShares MSCI USA Momentum Factor ETF in the third quarter worth about $25,000. Dagco Inc. bought a new stake in iShares MSCI USA Momentum Factor ETF during the 4th quarter valued at approximately $25,000. TFC Financial Management Inc. bought a new stake in iShares MSCI USA Momentum Factor ETF during the 3rd quarter valued at approximately $28,000. United Financial Planning Group LLC purchased a new position in shares of iShares MSCI USA Momentum Factor ETF during the 3rd quarter worth approximately $28,000. Finally, Howe & Rusling Inc. grew its holdings in shares of iShares MSCI USA Momentum Factor ETF by 425.0% during the 3rd quarter. Howe & Rusling Inc. now owns 126 shares of the company’s stock worth $32,000 after acquiring an additional 102 shares during the period.

iShares MSCI USA Momentum Factor ETF Stock Performance

Shares of BATS:MTUM opened at $245.85 on Friday. The firm has a market capitalization of $17.95 billion, a P/E ratio of 28.67 and a beta of 1.02. The stock has a 50 day moving average price of $249.49 and a 200-day moving average price of $251.41. iShares MSCI USA Momentum Factor ETF has a 52-week low of $171.51 and a 52-week high of $262.10.

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.