J. M. Brown & Associates Inc. Invests $789,000 in iShares MSCI USA Momentum Factor ETF $MTUM

J. M. Brown & Associates Inc. bought a new position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 2,302 shares of the company’s stock, valued at approximately $789,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in MTUM. Beacon Bridge Wealth Partners LLC increased its holdings in shares of iShares MSCI USA Momentum Factor ETF by 78.3% in the fourth quarter. Beacon Bridge Wealth Partners LLC now owns 22,617 shares of the company’s stock valued at $5,661,000 after buying an additional 9,932 shares in the last quarter. Waystone Advisors LLC bought a new stake in shares of iShares MSCI USA Momentum Factor ETF during the 4th quarter worth $1,040,000. Elevation Capital Advisory LLC bought a new stake in shares of iShares MSCI USA Momentum Factor ETF during the 4th quarter worth $3,960,000. WealthShield Partners LLC grew its holdings in shares of iShares MSCI USA Momentum Factor ETF by 54.0% in the 4th quarter. WealthShield Partners LLC now owns 25,884 shares of the company’s stock worth $6,479,000 after acquiring an additional 9,080 shares during the last quarter. Finally, Blalock Williams LLC grew its holdings in shares of iShares MSCI USA Momentum Factor ETF by 64.7% in the 4th quarter. Blalock Williams LLC now owns 5,750 shares of the company’s stock worth $1,439,000 after acquiring an additional 2,259 shares during the last quarter.

iShares MSCI USA Momentum Factor ETF Stock Up 0.4%

Shares of iShares MSCI USA Momentum Factor ETF stock opened at $316.03 on Friday. The stock’s fifty day moving average is $316.33 and its 200-day moving average is $285.07. The firm has a market capitalization of $23.07 billion, a PE ratio of 28.67 and a beta of 1.02. iShares MSCI USA Momentum Factor ETF has a 12-month low of $229.42 and a 12-month high of $345.59.

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.