Spire Wealth Management Has $1.51 Million Position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

Spire Wealth Management lowered its position in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 10.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 7,283 shares of the company’s stock after selling 822 shares during the quarter. Spire Wealth Management’s holdings in iShares MSCI USA Momentum Factor ETF were worth $1,507,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in MTUM. Park Avenue Securities LLC raised its position in shares of iShares MSCI USA Momentum Factor ETF by 1,055.4% during the fourth quarter. Park Avenue Securities LLC now owns 507,294 shares of the company’s stock worth $104,969,000 after acquiring an additional 463,387 shares during the last quarter. Janney Montgomery Scott LLC increased its holdings in iShares MSCI USA Momentum Factor ETF by 140.9% in the fourth quarter. Janney Montgomery Scott LLC now owns 425,097 shares of the company’s stock valued at $87,961,000 after purchasing an additional 248,600 shares during the last quarter. Citigroup Inc. increased its holdings in iShares MSCI USA Momentum Factor ETF by 1,266.9% in the third quarter. Citigroup Inc. now owns 253,036 shares of the company’s stock valued at $51,305,000 after purchasing an additional 234,524 shares during the last quarter. Foundations Investment Advisors LLC increased its holdings in iShares MSCI USA Momentum Factor ETF by 245.6% in the fourth quarter. Foundations Investment Advisors LLC now owns 225,033 shares of the company’s stock valued at $46,564,000 after purchasing an additional 159,916 shares during the last quarter. Finally, Sanctuary Advisors LLC increased its holdings in iShares MSCI USA Momentum Factor ETF by 455.1% in the third quarter. Sanctuary Advisors LLC now owns 157,981 shares of the company’s stock valued at $33,952,000 after purchasing an additional 129,521 shares during the last quarter.

iShares MSCI USA Momentum Factor ETF Price Performance

Shares of iShares MSCI USA Momentum Factor ETF stock opened at $219.06 on Tuesday. iShares MSCI USA Momentum Factor ETF has a 1 year low of $81.37 and a 1 year high of $113.60. The business has a 50-day moving average of $213.40 and a two-hundred day moving average of $204.01. The company has a market capitalization of $11.86 billion, a P/E ratio of 18.53 and a beta of 1.10.

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.