Horizon Wealth Management LLC Makes New Investment in iShares MSCI USA Momentum Factor ETF $MTUM

Horizon Wealth Management LLC purchased a new stake in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 2,376 shares of the company’s stock, valued at approximately $570,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Corient Private Wealth LLC boosted its position in shares of iShares MSCI USA Momentum Factor ETF by 185.9% during the 4th quarter. Corient Private Wealth LLC now owns 2,048,917 shares of the company’s stock worth $512,864,000 after purchasing an additional 1,332,181 shares during the period. Focus Partners Wealth increased its holdings in iShares MSCI USA Momentum Factor ETF by 2,939.7% in the 3rd quarter. Focus Partners Wealth now owns 927,145 shares of the company’s stock valued at $237,766,000 after purchasing an additional 896,644 shares during the last quarter. LPL Financial LLC raised its position in iShares MSCI USA Momentum Factor ETF by 24.7% in the fourth quarter. LPL Financial LLC now owns 3,291,857 shares of the company’s stock valued at $823,985,000 after purchasing an additional 652,414 shares during the period. JPMorgan Chase & Co. raised its position in iShares MSCI USA Momentum Factor ETF by 32.2% in the fourth quarter. JPMorgan Chase & Co. now owns 1,151,084 shares of the company’s stock valued at $288,128,000 after purchasing an additional 280,192 shares during the period. Finally, Envestnet Portfolio Solutions Inc. lifted its stake in iShares MSCI USA Momentum Factor ETF by 55.3% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 721,042 shares of the company’s stock worth $180,484,000 after purchasing an additional 256,639 shares in the last quarter.

iShares MSCI USA Momentum Factor ETF Stock Down 4.3%

BATS:MTUM opened at $328.10 on Thursday. iShares MSCI USA Momentum Factor ETF has a 52 week low of $229.42 and a 52 week high of $345.59. The stock’s fifty day moving average is $310.07 and its two-hundred day moving average is $272.90. The stock has a market capitalization of $23.95 billion, a price-to-earnings ratio of 28.67 and a beta of 1.02.

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.