Venturi Wealth Management LLC Increases Position in iShares MSCI USA Momentum Factor ETF $MTUM

Venturi Wealth Management LLC increased its holdings in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 51.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,964 shares of the company’s stock after acquiring an additional 2,022 shares during the period. Venturi Wealth Management LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $1,431,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Triumph Capital Management purchased a new position in iShares MSCI USA Momentum Factor ETF in the third quarter worth $25,000. Cary Street Partners Financial LLC purchased a new stake in iShares MSCI USA Momentum Factor ETF during the fourth quarter worth about $25,000. Dagco Inc. purchased a new stake in iShares MSCI USA Momentum Factor ETF during the fourth quarter worth about $25,000. Eagle Bay Advisors LLC bought a new stake in iShares MSCI USA Momentum Factor ETF in the fourth quarter worth about $26,000. Finally, Financial Network Wealth Advisors LLC raised its position in iShares MSCI USA Momentum Factor ETF by 176.3% in the fourth quarter. Financial Network Wealth Advisors LLC now owns 105 shares of the company’s stock worth $26,000 after acquiring an additional 67 shares during the period.

iShares MSCI USA Momentum Factor ETF Stock Down 4.0%

MTUM opened at $325.74 on Friday. The stock has a market cap of $23.78 billion, a price-to-earnings ratio of 28.67 and a beta of 1.02. iShares MSCI USA Momentum Factor ETF has a twelve month low of $229.42 and a twelve month high of $345.59. The company’s 50-day moving average price is $306.31 and its two-hundred day moving average price is $271.07.

iShares MSCI USA Momentum Factor ETF Company 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.