Liberty Wealth Management LLC Makes New $5.25 Million Investment in iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

Liberty Wealth Management LLC acquired a new stake in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) in the fourth quarter, HoldingsChannel reports. The firm acquired 25,397 shares of the company’s stock, valued at approximately $5,253,000. iShares MSCI USA Momentum Factor ETF accounts for approximately 0.9% of Liberty Wealth Management LLC’s holdings, making the stock its 29th biggest holding.

A number of other institutional investors have also recently made changes to their positions in MTUM. Thurston Springer Miller Herd & Titak Inc. lifted its stake in iShares MSCI USA Momentum Factor ETF by 1,880.0% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 198 shares of the company’s stock worth $41,000 after purchasing an additional 188 shares during the last quarter. AdvisorNet Financial Inc grew its holdings in iShares MSCI USA Momentum Factor ETF by 51.4% in the fourth quarter. AdvisorNet Financial Inc now owns 218 shares of the company’s stock worth $45,000 after purchasing an additional 74 shares during the last quarter. Vontobel Holding Ltd. purchased a new position in iShares MSCI USA Momentum Factor ETF in the fourth quarter worth $432,000. Kingsview Wealth Management LLC lifted its stake in shares of iShares MSCI USA Momentum Factor ETF by 17.9% during the fourth quarter. Kingsview Wealth Management LLC now owns 1,330 shares of the company’s stock worth $275,000 after buying an additional 202 shares during the period. Finally, Arizona PSPRS Trust lifted its position in iShares MSCI USA Momentum Factor ETF by 2.0% during the third quarter. Arizona PSPRS Trust now owns 362,613 shares of the company’s stock valued at $73,523,000 after purchasing an additional 7,115 shares during the period.

iShares MSCI USA Momentum Factor ETF Price Performance

BATS MTUM opened at $196.90 on Wednesday. The company has a fifty day moving average of $216.48 and a 200 day moving average of $209.67. The company has a market capitalization of $14.13 billion, a PE ratio of 28.87 and a beta of 0.98. iShares MSCI USA Momentum Factor ETF has a 1 year low of $168.49 and a 1 year high of $229.77.

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.