iShares MSCI USA Momentum Factor ETF $MTUM Shares Purchased by Beacon Bridge Wealth Partners LLC

Beacon Bridge Wealth Partners LLC lifted its stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 78.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 22,617 shares of the company’s stock after purchasing an additional 9,932 shares during the period. iShares MSCI USA Momentum Factor ETF makes up 1.9% of Beacon Bridge Wealth Partners LLC’s investment portfolio, making the stock its 16th largest holding. Beacon Bridge Wealth Partners LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $5,661,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Focus Partners Wealth raised its position in iShares MSCI USA Momentum Factor ETF by 2,939.7% during the third quarter. Focus Partners Wealth now owns 927,145 shares of the company’s stock worth $237,766,000 after acquiring an additional 896,644 shares during the last quarter. CWM LLC raised its position in iShares MSCI USA Momentum Factor ETF by 25.3% during the fourth quarter. CWM LLC now owns 1,141,425 shares of the company’s stock worth $285,710,000 after acquiring an additional 230,310 shares during the last quarter. Park Avenue Securities LLC raised its position in iShares MSCI USA Momentum Factor ETF by 35.7% during the fourth quarter. Park Avenue Securities LLC now owns 711,023 shares of the company’s stock worth $177,976,000 after acquiring an additional 187,155 shares during the last quarter. Symmetry Partners LLC raised its position in iShares MSCI USA Momentum Factor ETF by 71.8% during the fourth quarter. Symmetry Partners LLC now owns 416,566 shares of the company’s stock worth $104,271,000 after acquiring an additional 174,074 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its position in iShares MSCI USA Momentum Factor ETF by 15.8% during the second quarter. Ameriprise Financial Inc. now owns 1,231,042 shares of the company’s stock worth $295,986,000 after acquiring an additional 168,340 shares during the last quarter.

iShares MSCI USA Momentum Factor ETF Price Performance

Shares of BATS MTUM opened at $274.46 on Monday. The company has a market cap of $20.04 billion, a PE ratio of 28.67 and a beta of 1.02. iShares MSCI USA Momentum Factor ETF has a 12 month low of $187.70 and a 12 month high of $275.23. The company has a 50-day simple moving average of $251.09 and a 200-day simple moving average of $251.92.

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.