First Heartland Consultants Inc. Buys 2,928 Shares of iShares MSCI USA Momentum Factor ETF $MTUM

First Heartland Consultants Inc. lifted its stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 23.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 15,242 shares of the company’s stock after purchasing an additional 2,928 shares during the period. First Heartland Consultants Inc.’s holdings in iShares MSCI USA Momentum Factor ETF were worth $3,815,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Successful Portfolios LLC lifted its holdings in 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 worth $362,000 after buying an additional 40 shares in the last quarter. Centurion Wealth Management LLC boosted its position in iShares MSCI USA Momentum Factor ETF by 0.7% in the 3rd quarter. Centurion Wealth Management LLC now owns 5,764 shares of the company’s stock valued at $1,478,000 after buying an additional 42 shares during the last quarter. Silverlake Wealth Management LLC increased its stake in shares of iShares MSCI USA Momentum Factor ETF by 1.1% in the 2nd quarter. Silverlake Wealth Management LLC now owns 3,917 shares of the company’s stock valued at $941,000 after buying an additional 43 shares during the period. Armstrong Advisory Group Inc. increased its stake in shares of iShares MSCI USA Momentum Factor ETF by 1.1% in the 3rd quarter. Armstrong Advisory Group Inc. now owns 3,961 shares of the company’s stock valued at $1,016,000 after buying an additional 43 shares during the period. Finally, LifeSteps Financial Inc. raised its position in shares of iShares MSCI USA Momentum Factor ETF by 2.3% during the third quarter. LifeSteps Financial Inc. now owns 1,920 shares of the company’s stock worth $492,000 after acquiring an additional 44 shares during the last quarter.

iShares MSCI USA Momentum Factor ETF Stock Up 1.2%

Shares of MTUM opened at $244.52 on Tuesday. iShares MSCI USA Momentum Factor ETF has a 12-month low of $171.51 and a 12-month high of $262.10. The firm has a market capitalization of $17.85 billion, a PE ratio of 28.67 and a beta of 1.02. The stock’s fifty day simple moving average is $252.16 and its 200-day simple moving average is $252.00.

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.