Novem Group Has $3.14 Million Stock Holdings in iShares MSCI USA Momentum Factor ETF $MTUM

Novem Group boosted its position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 53.6% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,149 shares of the company’s stock after buying an additional 3,192 shares during the period. Novem Group’s holdings in iShares MSCI USA Momentum Factor ETF were worth $3,137,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Beacon Bridge Wealth Partners LLC raised its holdings in iShares MSCI USA Momentum Factor ETF by 78.3% during the fourth quarter. Beacon Bridge Wealth Partners LLC now owns 22,617 shares of the company’s stock worth $5,661,000 after buying an additional 9,932 shares during the last quarter. Waystone Advisors LLC acquired a new position in shares of iShares MSCI USA Momentum Factor ETF during the fourth quarter valued at about $1,040,000. Elevation Capital Advisory LLC bought a new stake in shares of iShares MSCI USA Momentum Factor ETF during the fourth quarter worth about $3,960,000. WealthShield Partners LLC increased its position in shares of iShares MSCI USA Momentum Factor ETF by 54.0% during the fourth 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 in the last quarter. Finally, Blalock Williams LLC raised 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 Performance

MTUM stock opened at $316.03 on Friday. The company has a market capitalization of $23.07 billion, a P/E ratio of 28.67 and a beta of 1.02. iShares MSCI USA Momentum Factor ETF has a 52-week low of $229.42 and a 52-week high of $345.59. The business has a 50-day simple moving average of $316.33 and a two-hundred day simple moving average of $285.07.

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.