Dynasty Wealth Management LLC Acquires New Position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

Dynasty Wealth Management LLC acquired a new position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 5,709 shares of the company’s stock, valued at approximately $1,070,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Envestnet Asset Management Inc. increased its stake in shares of iShares MSCI USA Momentum Factor ETF by 3.3% in the fourth quarter. Envestnet Asset Management Inc. now owns 7,143,076 shares of the company’s stock worth $1,120,677,000 after acquiring an additional 229,231 shares during the period. Sculati Wealth Management LLC purchased a new position in shares of iShares MSCI USA Momentum Factor ETF during the 4th quarter valued at about $201,000. Traction Financial Partners LLC purchased a new stake in shares of iShares MSCI USA Momentum Factor ETF in the fourth quarter worth about $323,000. Franklin Resources Inc. boosted its stake in shares of iShares MSCI USA Momentum Factor ETF by 38.3% in the fourth quarter. Franklin Resources Inc. now owns 59,950 shares of the company’s stock worth $9,406,000 after buying an additional 16,611 shares during the last quarter. Finally, Simplicity Solutions LLC purchased a new position in iShares MSCI USA Momentum Factor ETF during the fourth quarter valued at approximately $572,000.

iShares MSCI USA Momentum Factor ETF Price Performance

BATS MTUM traded down $2.43 during trading hours on Wednesday, reaching $184.96. The company’s stock had a trading volume of 584,999 shares. iShares MSCI USA Momentum Factor ETF has a 1-year low of $81.37 and a 1-year high of $113.60. The company’s 50-day moving average is $193.29 and its two-hundred day moving average is $184.51. The firm has a market capitalization of $10.02 billion, a price-to-earnings ratio of 18.53 and a beta of 1.10.

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.