iShares MSCI USA Momentum Factor ETF (BATS:MTUM) is Summit Wealth Group LLC’s 6th Largest Position

Summit Wealth Group LLC trimmed its holdings in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 27.4% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 63,715 shares of the company’s stock after selling 24,023 shares during the quarter. iShares MSCI USA Momentum Factor ETF accounts for about 3.7% of Summit Wealth Group LLC’s investment portfolio, making the stock its 6th biggest position. Summit Wealth Group LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $12,919,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. Signaturefd LLC grew its holdings in shares of iShares MSCI USA Momentum Factor ETF by 1,550.0% during the third quarter. Signaturefd LLC now owns 165 shares of the company’s stock valued at $33,000 after purchasing an additional 155 shares during the last quarter. Blair William & Co. IL increased its holdings in shares of iShares MSCI USA Momentum Factor ETF by 7.8% in the first quarter. Blair William & Co. IL now owns 7,919 shares of the company’s stock valued at $1,484,000 after buying an additional 571 shares in the last quarter. Benjamin F. Edwards & Company Inc. increased its stake in iShares MSCI USA Momentum Factor ETF by 407.5% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 4,060 shares of the company’s stock worth $791,000 after purchasing an additional 3,260 shares in the last quarter. Cetera Advisor Networks LLC raised its holdings in shares of iShares MSCI USA Momentum Factor ETF by 8.8% during the first quarter. Cetera Advisor Networks LLC now owns 126,486 shares of the company’s stock valued at $23,697,000 after acquiring an additional 10,257 shares during the period. Finally, Unison Advisors LLC lifted its holdings in shares of iShares MSCI USA Momentum Factor ETF by 8.2% in the second quarter. Unison Advisors LLC now owns 22,170 shares of the company’s stock valued at $4,320,000 after purchasing an additional 1,688 shares in the last quarter.

iShares MSCI USA Momentum Factor ETF Stock Performance

Shares of MTUM opened at $209.41 on Tuesday. iShares MSCI USA Momentum Factor ETF has a 52 week low of $81.37 and a 52 week high of $113.60. The company has a market capitalization of $11.34 billion, a PE ratio of 18.53 and a beta of 1.10. The company’s 50 day moving average price is $204.10 and its 200 day moving average price is $195.69.

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.