iShares MSCI USA Momentum Factor ETF $MTUM Stock Bought by West Financial Advisors LLC

West Financial Advisors LLC grew its position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 59.6% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 5,092 shares of the company’s stock after acquiring an additional 1,901 shares during the period. West Financial Advisors LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $1,616,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of MTUM. YANKCOM Partnership purchased a new stake in shares of iShares MSCI USA Momentum Factor ETF during the 3rd quarter worth about $31,000. Fairway Wealth LLC purchased a new position in shares of iShares MSCI USA Momentum Factor ETF in the 2nd quarter valued at about $36,000. Turtle Creek Wealth Advisors LLC purchased a new position in shares of iShares MSCI USA Momentum Factor ETF in the 1st quarter valued at about $26,000. Indiana Trust & Investment Management Co purchased a new position in shares of iShares MSCI USA Momentum Factor ETF in the 1st quarter valued at about $26,000. Finally, Morling Financial Advisors LLC acquired a new position in iShares MSCI USA Momentum Factor ETF in the 2nd quarter worth about $50,000.

iShares MSCI USA Momentum Factor ETF Price Performance

BATS MTUM traded up $0.88 during trading hours on Friday, reaching $289.45. The company’s stock had a trading volume of 686,300 shares, compared to its average volume of 1,227,590. The firm has a market capitalization of $21.13 billion, a price-to-earnings ratio of 28.67 and a beta of 1.02. iShares MSCI USA Momentum Factor ETF has a 1-year low of $229.42 and a 1-year high of $345.59. The company’s 50-day moving average is $307.84 and its two-hundred day moving average is $305.70.

iShares MSCI USA Momentum Factor ETF shares are set to split before the market opens on Thursday, November 5th. The 4-1 split was recently announced. The newly minted shares will be distributed to shareholders after the closing bell on Wednesday, November 4th.

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.