Gateway Wealth Partners LLC raised its position in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM – Free Report) by 228.8% in the first quarter, according to its most recent filing with the SEC. The firm owned 43,168 shares of the company’s stock after purchasing an additional 30,041 shares during the quarter. Gateway Wealth Partners LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $10,360,000 at the end of the most recent quarter.
Several other hedge funds have also recently added to or reduced their stakes in MTUM. Cary Street Partners Financial LLC acquired a new position in shares of iShares MSCI USA Momentum Factor ETF in the 4th quarter worth approximately $25,000. Triumph Capital Management acquired a new stake in shares of iShares MSCI USA Momentum Factor ETF during the third quarter worth $25,000. Eagle Bay Advisors LLC acquired a new stake in shares of iShares MSCI USA Momentum Factor ETF during the fourth quarter worth $26,000. Financial Network Wealth Advisors LLC raised its stake in iShares MSCI USA Momentum Factor ETF by 176.3% during the fourth quarter. Financial Network Wealth Advisors LLC now owns 105 shares of the company’s stock worth $26,000 after buying an additional 67 shares during the last quarter. Finally, Turtle Creek Wealth Advisors LLC bought a new position in iShares MSCI USA Momentum Factor ETF during the first quarter worth $26,000.
iShares MSCI USA Momentum Factor ETF Price Performance
MTUM stock opened at $306.39 on Monday. The firm has a market cap of $22.37 billion, a price-to-earnings ratio of 28.67 and a beta of 1.02. The company’s fifty day simple moving average is $318.06 and its 200 day simple moving average is $280.33. iShares MSCI USA Momentum Factor ETF has a 12-month low of $229.42 and a 12-month high of $345.59.
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.
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