HB Wealth Management LLC Buys 3,776 Shares of iShares MSCI USA Momentum Factor ETF $MTUM

HB Wealth Management LLC raised its holdings in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 73.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 8,942 shares of the company’s stock after purchasing an additional 3,776 shares during the quarter. HB Wealth Management LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $2,238,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of MTUM. Dagco Inc. acquired a new stake in shares of iShares MSCI USA Momentum Factor ETF in the 4th quarter valued at $25,000. Triumph Capital Management acquired a new stake in shares of iShares MSCI USA Momentum Factor ETF in the 3rd quarter valued at $25,000. Eagle Bay Advisors LLC acquired a new stake in shares of iShares MSCI USA Momentum Factor ETF in the 4th quarter valued at $26,000. TFC Financial Management Inc. acquired a new stake in shares of iShares MSCI USA Momentum Factor ETF in the 3rd quarter valued at $28,000. Finally, United Financial Planning Group LLC acquired a new stake in shares of iShares MSCI USA Momentum Factor ETF in the 3rd quarter valued at $28,000.

iShares MSCI USA Momentum Factor ETF Stock Performance

Shares of MTUM stock opened at $280.90 on Friday. iShares MSCI USA Momentum Factor ETF has a fifty-two week low of $203.81 and a fifty-two week high of $281.46. The company has a market cap of $20.51 billion, a PE ratio of 28.67 and a beta of 1.02. The stock’s fifty day moving average price is $253.26 and its two-hundred day moving average price is $252.67.

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.