AE Wealth Management LLC Has $32.58 Million Stock Position in iShares MSCI USA Momentum Factor ETF $MTUM

AE Wealth Management LLC lifted its holdings in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 42.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 130,140 shares of the company’s stock after acquiring an additional 38,545 shares during the period. AE Wealth Management LLC owned approximately 0.18% of iShares MSCI USA Momentum Factor ETF worth $32,575,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Dagco Inc. bought a new stake in iShares MSCI USA Momentum Factor ETF during the fourth quarter worth $25,000. Triumph Capital Management purchased a new stake in shares of iShares MSCI USA Momentum Factor ETF in the third quarter valued at about $25,000. Eagle Bay Advisors LLC bought a new position in shares of iShares MSCI USA Momentum Factor ETF during the fourth quarter valued at about $26,000. TFC Financial Management Inc. purchased a new position in iShares MSCI USA Momentum Factor ETF during the third quarter worth about $28,000. Finally, United Financial Planning Group LLC purchased a new position in iShares MSCI USA Momentum Factor ETF during the third quarter worth about $28,000.

iShares MSCI USA Momentum Factor ETF Stock Performance

Shares of MTUM stock opened at $270.82 on Friday. The company has a market capitalization of $19.77 billion, a price-to-earnings ratio of 28.67 and a beta of 1.02. iShares MSCI USA Momentum Factor ETF has a 52-week low of $187.70 and a 52-week high of $271.23. The company has a 50-day simple moving average of $250.67 and a two-hundred day simple moving average of $251.85.

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.