BCGM Wealth Management LLC Acquires 12,674 Shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

BCGM Wealth Management LLC increased its holdings in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 336.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,444 shares of the company’s stock after buying an additional 12,674 shares during the period. iShares MSCI USA Momentum Factor ETF accounts for about 1.1% of BCGM Wealth Management LLC’s investment portfolio, making the stock its 27th biggest holding. BCGM Wealth Management LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $3,403,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the business. Park Avenue Securities LLC grew its position in shares of iShares MSCI USA Momentum Factor ETF by 1,055.4% during the 4th quarter. Park Avenue Securities LLC now owns 507,294 shares of the company’s stock worth $104,969,000 after buying an additional 463,387 shares during the period. Janney Montgomery Scott LLC grew its holdings in iShares MSCI USA Momentum Factor ETF by 140.9% during 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 period. Citigroup Inc. increased its stake 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 in the last quarter. Foundations Investment Advisors LLC raised 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 worth $46,564,000 after purchasing an additional 159,916 shares during the period. Finally, JB Capital LLC bought a new position in shares of iShares MSCI USA Momentum Factor ETF during the fourth quarter worth $32,997,000.

iShares MSCI USA Momentum Factor ETF Stock Up 5.2 %

MTUM opened at $219.82 on Monday. The stock has a market cap of $11.90 billion, a P/E ratio of 18.53 and a beta of 1.10. iShares MSCI USA Momentum Factor ETF has a 12 month low of $81.37 and a 12 month high of $113.60. The company has a fifty day simple moving average of $216.56 and a 200 day simple moving average of $207.93.

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.