Elevation Capital Advisory LLC Invests $3.96 Million in iShares MSCI USA Momentum Factor ETF $MTUM

Elevation Capital Advisory LLC purchased a new position in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 15,822 shares of the company’s stock, valued at approximately $3,960,000. iShares MSCI USA Momentum Factor ETF makes up 1.6% of Elevation Capital Advisory LLC’s investment portfolio, making the stock its 28th largest position.

A number of other institutional investors have also made changes to their positions in the stock. Successful Portfolios LLC raised its stake in shares of iShares MSCI USA Momentum Factor ETF by 2.9% in the 3rd quarter. Successful Portfolios LLC now owns 1,412 shares of the company’s stock valued at $362,000 after acquiring an additional 40 shares in the last quarter. Centurion Wealth Management LLC raised its stake in shares of iShares MSCI USA Momentum Factor ETF by 0.7% in the 3rd quarter. Centurion Wealth Management LLC now owns 5,764 shares of the company’s stock valued at $1,478,000 after acquiring an additional 42 shares in the last quarter. Armstrong Advisory Group Inc. raised its stake in shares of iShares MSCI USA Momentum Factor ETF by 1.1% in the 3rd quarter. Armstrong Advisory Group Inc. now owns 3,961 shares of the company’s stock valued at $1,016,000 after acquiring an additional 43 shares in the last quarter. Lunt Capital Management Inc. raised its stake in shares of iShares MSCI USA Momentum Factor ETF by 3.0% in the 4th quarter. Lunt Capital Management Inc. now owns 1,500 shares of the company’s stock valued at $375,000 after acquiring an additional 43 shares in the last quarter. Finally, LifeSteps Financial Inc. raised its stake in shares of iShares MSCI USA Momentum Factor ETF by 2.3% in the 3rd quarter. LifeSteps Financial Inc. now owns 1,920 shares of the company’s stock valued at $492,000 after acquiring an additional 44 shares in the last quarter.

iShares MSCI USA Momentum Factor ETF Stock Performance

Shares of MTUM stock opened at $269.99 on Thursday. The stock’s 50 day simple moving average is $250.14 and its 200 day simple moving average is $251.72. iShares MSCI USA Momentum Factor ETF has a twelve month low of $187.70 and a twelve month high of $270.33. The company has a market capitalization of $19.71 billion, a price-to-earnings 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.