Western Wealth Management LLC Raises Holdings in iShares MSCI USA Momentum Factor ETF $MTUM

Western Wealth Management LLC boosted its stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 26.4% during the first quarter, Holdings Channel.com reports. The firm owned 18,263 shares of the company’s stock after buying an additional 3,810 shares during the period. Western Wealth Management LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $4,383,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of MTUM. Beacon Financial Advisory LLC raised its holdings in iShares MSCI USA Momentum Factor ETF by 2.5% during the 1st quarter. Beacon Financial Advisory LLC now owns 1,504 shares of the company’s stock valued at $361,000 after buying an additional 36 shares during the last quarter. Caliber Wealth Management LLC KS grew its holdings in iShares MSCI USA Momentum Factor ETF by 0.4% in the 4th quarter. Caliber Wealth Management LLC KS now owns 9,680 shares of the company’s stock worth $2,423,000 after acquiring an additional 39 shares during the last quarter. Traction Financial Partners LLC grew its holdings in iShares MSCI USA Momentum Factor ETF by 3.4% in the 4th quarter. Traction Financial Partners LLC now owns 1,206 shares of the company’s stock worth $302,000 after acquiring an additional 40 shares during the last quarter. Clark Capital Management Group Inc. increased its position in shares of iShares MSCI USA Momentum Factor ETF by 4.3% in the fourth quarter. Clark Capital Management Group Inc. now owns 994 shares of the company’s stock valued at $249,000 after acquiring an additional 41 shares during the period. Finally, Lunt Capital Management Inc. raised its stake in shares of iShares MSCI USA Momentum Factor ETF by 3.0% during the fourth quarter. Lunt Capital Management Inc. now owns 1,500 shares of the company’s stock valued at $375,000 after acquiring an additional 43 shares during the last quarter.

iShares MSCI USA Momentum Factor ETF Trading Up 5.5%

iShares MSCI USA Momentum Factor ETF stock opened at $298.77 on Friday. The firm has a market cap of $21.81 billion, a P/E ratio of 28.67 and a beta of 1.02. iShares MSCI USA Momentum Factor ETF has a 1-year low of $229.42 and a 1-year high of $345.59. The firm has a 50-day moving average of $317.82 and a 200-day moving average of $281.40.

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.