Western Wealth Management LLC Purchases 2,108 Shares of iShares MSCI USA Momentum Factor ETF $MTUM

Western Wealth Management LLC raised its position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 17.1% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 14,453 shares of the company’s stock after acquiring an additional 2,108 shares during the period. Western Wealth Management LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $3,618,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in MTUM. Bison Wealth LLC raised its stake in shares of iShares MSCI USA Momentum Factor ETF by 4.4% during the 4th quarter. Bison Wealth LLC now owns 3,148 shares of the company’s stock valued at $651,000 after purchasing an additional 133 shares during the period. Empowered Funds LLC bought a new stake in shares of iShares MSCI USA Momentum Factor ETF during the 1st quarter valued at $2,488,000. Russell Investments Group Ltd. raised its stake in shares of iShares MSCI USA Momentum Factor ETF by 15.1% during the 2nd quarter. Russell Investments Group Ltd. now owns 973 shares of the company’s stock valued at $234,000 after purchasing an additional 128 shares during the period. First Trust Advisors LP bought a new stake in shares of iShares MSCI USA Momentum Factor ETF during the 2nd quarter valued at $350,000. Finally, Qube Research & Technologies Ltd raised its stake in shares of iShares MSCI USA Momentum Factor ETF by 543.9% during the 2nd quarter. Qube Research & Technologies Ltd now owns 127,461 shares of the company’s stock valued at $30,631,000 after purchasing an additional 107,665 shares during the period.

iShares MSCI USA Momentum Factor ETF Stock Performance

BATS:MTUM opened at $305.40 on Thursday. iShares MSCI USA Momentum Factor ETF has a 52-week low of $223.47 and a 52-week high of $307.86. The firm has a market cap of $22.29 billion, a price-to-earnings ratio of 28.67 and a beta of 1.02. The business’s fifty day moving average is $261.97 and its 200 day moving average is $255.70.

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.