Sanchez Wealth Management Group Has $37.94 Million Holdings in iShares MSCI USA Momentum Factor ETF $MTUM

Sanchez Wealth Management Group increased its stake in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 29.8% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 151,553 shares of the company’s stock after acquiring an additional 34,808 shares during the quarter. iShares MSCI USA Momentum Factor ETF accounts for 8.1% of Sanchez Wealth Management Group’s portfolio, making the stock its 3rd biggest position. Sanchez Wealth Management Group’s holdings in iShares MSCI USA Momentum Factor ETF were worth $37,935,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also bought and sold shares of the company. Dagco Inc. bought a new stake in iShares MSCI USA Momentum Factor ETF during the fourth quarter worth $25,000. Triumph Capital Management bought a new position in iShares MSCI USA Momentum Factor ETF in the 3rd quarter valued at $25,000. Eagle Bay Advisors LLC bought a new position in iShares MSCI USA Momentum Factor ETF in the 4th quarter valued at $26,000. TFC Financial Management Inc. bought a new position in iShares MSCI USA Momentum Factor ETF in the 3rd quarter valued at $28,000. Finally, United Financial Planning Group LLC bought a new position in iShares MSCI USA Momentum Factor ETF in the 3rd quarter valued at $28,000.

iShares MSCI USA Momentum Factor ETF Price Performance

Shares of BATS:MTUM opened at $301.80 on Monday. The company has a market capitalization of $22.03 billion, a PE ratio of 28.67 and a beta of 1.02. The business has a fifty day moving average price of $257.98 and a two-hundred day moving average price of $254.25. iShares MSCI USA Momentum Factor ETF has a 1 year low of $216.39 and a 1 year high of $302.01.

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.