Blake Schutter Theil Wealth Advisors LLC Makes New $1.67 Million Investment in iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

Blake Schutter Theil Wealth Advisors LLC purchased a new position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 8,241 shares of the company’s stock, valued at approximately $1,671,000. iShares MSCI USA Momentum Factor ETF makes up approximately 1.2% of Blake Schutter Theil Wealth Advisors LLC’s portfolio, making the stock its 13th largest holding.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Fortitude Family Office LLC raised its holdings in shares of iShares MSCI USA Momentum Factor ETF by 1,255.6% in the third quarter. Fortitude Family Office LLC now owns 122 shares of the company’s stock worth $25,000 after buying an additional 113 shares during the last quarter. Signaturefd LLC lifted its position in iShares MSCI USA Momentum Factor ETF by 1,550.0% during the 3rd quarter. Signaturefd LLC now owns 165 shares of the company’s stock worth $33,000 after acquiring an additional 155 shares during the period. Abich Financial Wealth Management LLC purchased a new stake in iShares MSCI USA Momentum Factor ETF during the 2nd quarter valued at about $33,000. Wellington Shields & Co. LLC acquired a new position in shares of iShares MSCI USA Momentum Factor ETF in the first quarter valued at about $42,000. Finally, Ashton Thomas Private Wealth LLC purchased a new position in shares of iShares MSCI USA Momentum Factor ETF in the second quarter worth about $48,000.

iShares MSCI USA Momentum Factor ETF Stock Up 2.3 %

Shares of BATS MTUM opened at $209.44 on Thursday. iShares MSCI USA Momentum Factor ETF has a 52 week low of $81.37 and a 52 week high of $113.60. The business’s 50 day moving average price is $201.46 and its 200 day moving average price is $193.91. The firm has a market cap of $11.34 billion, a P/E 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.