Retirement Wealth Solutions LLC Raises Stake in iShares MSCI USA Momentum Factor ETF $MTUM

Retirement Wealth Solutions LLC grew its stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 56.4% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,050 shares of the company’s stock after acquiring an additional 2,181 shares during the quarter. iShares MSCI USA Momentum Factor ETF comprises approximately 1.0% of Retirement Wealth Solutions LLC’s investment portfolio, making the stock its 24th biggest position. Retirement Wealth Solutions LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $1,514,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Successful Portfolios LLC boosted its position in shares of iShares MSCI USA Momentum Factor ETF by 2.9% during the 3rd quarter. Successful Portfolios LLC now owns 1,412 shares of the company’s stock valued at $362,000 after acquiring an additional 40 shares during the last quarter. Centurion Wealth Management LLC increased its position in iShares MSCI USA Momentum Factor ETF by 0.7% during the third quarter. Centurion Wealth Management LLC now owns 5,764 shares of the company’s stock worth $1,478,000 after purchasing an additional 42 shares during the last quarter. Silverlake Wealth Management LLC raised its stake in iShares MSCI USA Momentum Factor ETF by 1.1% during the second quarter. Silverlake Wealth Management LLC now owns 3,917 shares of the company’s stock worth $941,000 after purchasing an additional 43 shares during the period. Armstrong Advisory Group Inc. raised its stake in iShares MSCI USA Momentum Factor ETF by 1.1% during the third quarter. Armstrong Advisory Group Inc. now owns 3,961 shares of the company’s stock worth $1,016,000 after purchasing an additional 43 shares during the period. Finally, LifeSteps Financial Inc. boosted its holdings in iShares MSCI USA Momentum Factor ETF by 2.3% in the 3rd quarter. LifeSteps Financial Inc. now owns 1,920 shares of the company’s stock valued at $492,000 after purchasing an additional 44 shares during the last quarter.

iShares MSCI USA Momentum Factor ETF Price Performance

iShares MSCI USA Momentum Factor ETF stock opened at $241.52 on Friday. The firm has a 50 day simple moving average of $252.45 and a 200-day simple moving average of $251.88. iShares MSCI USA Momentum Factor ETF has a 1-year low of $171.51 and a 1-year high of $262.10. The stock has a market cap of $17.63 billion, a price-to-earnings ratio of 28.67 and a beta of 1.02.

iShares MSCI USA Momentum Factor ETF 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. MTUM was launched on Apr 16, 2013 and is managed by BlackRock.