iShares MSCI USA Momentum Factor ETF $MTUM Shares Bought by Apollon Wealth Management LLC

Apollon Wealth Management LLC grew its holdings in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 22.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 27,856 shares of the company’s stock after purchasing an additional 5,127 shares during the period. Apollon Wealth Management LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $6,973,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Triumph Capital Management purchased a new stake in shares of iShares MSCI USA Momentum Factor ETF in the third quarter valued at $25,000. Dagco Inc. purchased a new stake in shares of iShares MSCI USA Momentum Factor ETF in the fourth quarter valued at $25,000. TFC Financial Management Inc. purchased a new stake in shares of iShares MSCI USA Momentum Factor ETF in the third quarter valued at $28,000. United Financial Planning Group LLC purchased a new stake in shares of iShares MSCI USA Momentum Factor ETF in the third quarter valued at $28,000. Finally, 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 valued at $32,000 after purchasing an additional 102 shares in the last quarter.

iShares MSCI USA Momentum Factor ETF Stock Up 0.4%

MTUM opened at $263.44 on Friday. iShares MSCI USA Momentum Factor ETF has a 12-month low of $187.70 and a 12-month high of $265.35. The stock has a fifty day moving average of $249.25 and a 200-day moving average of $251.42. The firm has a market capitalization of $19.23 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.