Elmwood Wealth Management Inc. Makes New Investment in iShares MSCI USA Momentum Factor ETF $MTUM

Elmwood Wealth Management Inc. bought a new stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 2,530 shares of the company’s stock, valued at approximately $633,000.

Several other large investors have also modified their holdings of MTUM. Triumph Capital Management purchased a new stake in iShares MSCI USA Momentum Factor ETF in the 3rd quarter valued at about $25,000. TFC Financial Management Inc. purchased a new position in iShares MSCI USA Momentum Factor ETF during the third quarter worth about $28,000. United Financial Planning Group LLC purchased a new position in iShares MSCI USA Momentum Factor ETF during the third quarter worth about $28,000. Howe & Rusling Inc. increased its position in shares of iShares MSCI USA Momentum Factor ETF by 425.0% during the third quarter. Howe & Rusling Inc. now owns 126 shares of the company’s stock valued at $32,000 after acquiring an additional 102 shares during the last quarter. Finally, Ameriflex Group Inc. increased its position in shares of iShares MSCI USA Momentum Factor ETF by 604.3% during the third quarter. Ameriflex Group Inc. now owns 162 shares of the company’s stock valued at $42,000 after acquiring an additional 139 shares during the last quarter.

iShares MSCI USA Momentum Factor ETF Stock Performance

iShares MSCI USA Momentum Factor ETF stock opened at $241.52 on Monday. The company’s 50 day simple moving average is $252.45 and its 200-day simple moving average is $252.01. iShares MSCI USA Momentum Factor ETF has a 1 year low of $171.51 and a 1 year high of $262.10. The company has a market capitalization of $17.63 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.