U.S. Capital Wealth Advisors LLC Buys 10,640 Shares of iShares MSCI USA Momentum Factor ETF $MTUM

U.S. Capital Wealth Advisors LLC grew its stake in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 1,113.0% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,596 shares of the company’s stock after buying an additional 10,640 shares during the period. U.S. Capital Wealth Advisors LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $2,974,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in MTUM. Envestnet Asset Management Inc. lifted its holdings in iShares MSCI USA Momentum Factor ETF by 9.5% during the second quarter. Envestnet Asset Management Inc. now owns 12,639,702 shares of the company’s stock valued at $3,037,545,000 after purchasing an additional 1,094,104 shares in the last quarter. CHURCHILL MANAGEMENT Corp bought a new stake in shares of iShares MSCI USA Momentum Factor ETF during the 2nd quarter valued at $220,286,000. Orgel Wealth Management LLC bought a new stake in shares of iShares MSCI USA Momentum Factor ETF during the 2nd quarter valued at $158,559,000. Park Avenue Securities LLC purchased a new position in shares of iShares MSCI USA Momentum Factor ETF during the 2nd quarter valued at $109,923,000. Finally, BNP Paribas Financial Markets boosted its holdings in iShares MSCI USA Momentum Factor ETF by 102.6% in the 1st quarter. BNP Paribas Financial Markets now owns 642,494 shares of the company’s stock worth $129,867,000 after buying an additional 325,369 shares during the period.

iShares MSCI USA Momentum Factor ETF Stock Performance

Shares of MTUM stock opened at $251.10 on Friday. The stock has a fifty day simple moving average of $250.08 and a two-hundred day simple moving average of $245.63. The firm has a market capitalization of $18.33 billion, a PE ratio of 28.67 and a beta of 1.02. iShares MSCI USA Momentum Factor ETF has a 52-week low of $168.49 and a 52-week high of $240.99.

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. MTUM was launched on Apr 16, 2013 and is managed by BlackRock.