Independent Solutions Wealth Management LLC Takes Position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

Independent Solutions Wealth Management LLC purchased a new stake in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) during the 4th quarter, Holdings Channel.com reports. The institutional investor purchased 6,157 shares of the company’s stock, valued at approximately $1,274,000.

A number of other institutional investors also recently bought and sold shares of the stock. Raymond James Financial Inc. purchased a new position in shares of iShares MSCI USA Momentum Factor ETF during the 4th quarter worth approximately $574,824,000. Envestnet Portfolio Solutions Inc. boosted its position in shares of iShares MSCI USA Momentum Factor ETF by 5,196.8% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 689,435 shares of the company’s stock valued at $142,658,000 after purchasing an additional 676,419 shares in the last quarter. Park Avenue Securities LLC grew its stake in iShares MSCI USA Momentum Factor ETF by 1,055.4% in the fourth quarter. Park Avenue Securities LLC now owns 507,294 shares of the company’s stock worth $104,969,000 after purchasing an additional 463,387 shares during the period. Summit Rock Advisors LP bought a new position in iShares MSCI USA Momentum Factor ETF in the fourth quarter worth $65,392,000. Finally, Janney Montgomery Scott LLC lifted its position in iShares MSCI USA Momentum Factor ETF by 140.9% during the fourth quarter. Janney Montgomery Scott LLC now owns 425,097 shares of the company’s stock valued at $87,961,000 after buying an additional 248,600 shares during the period.

iShares MSCI USA Momentum Factor ETF Price Performance

BATS:MTUM opened at $203.82 on Friday. The firm’s 50-day moving average price is $215.44 and its 200-day moving average price is $209.76. The company has a market capitalization of $14.01 billion, a PE ratio of 27.42 and a beta of 0.99. iShares MSCI USA Momentum Factor ETF has a 1-year low of $168.49 and a 1-year high of $229.77.

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.