Opulen Financial Group LLC Takes $247,000 Position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

Opulen Financial Group LLC bought a new stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) during the 4th quarter, HoldingsChannel reports. The firm bought 1,194 shares of the company’s stock, valued at approximately $247,000.

Several other institutional investors have also modified their holdings of the stock. Duncker Streett & Co. Inc. acquired a new position in iShares MSCI USA Momentum Factor ETF during the fourth quarter worth about $25,000. Mainstream Capital Management LLC acquired a new position in iShares MSCI USA Momentum Factor ETF during the fourth quarter worth about $31,000. Thurston Springer Miller Herd & Titak Inc. boosted its position in iShares MSCI USA Momentum Factor ETF by 1,880.0% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 198 shares of the company’s stock worth $41,000 after acquiring an additional 188 shares during the last quarter. Capital Performance Advisors LLP acquired a new position in iShares MSCI USA Momentum Factor ETF during the third quarter worth about $43,000. Finally, AdvisorNet Financial Inc raised its stake in iShares MSCI USA Momentum Factor ETF by 51.4% during the fourth quarter. AdvisorNet Financial Inc now owns 218 shares of the company’s stock worth $45,000 after purchasing an additional 74 shares during the period.

iShares MSCI USA Momentum Factor ETF Price Performance

Shares of MTUM stock opened at $212.74 on Thursday. The firm’s 50-day moving average is $217.33 and its two-hundred day moving average is $209.49. iShares MSCI USA Momentum Factor ETF has a 12 month low of $168.49 and a 12 month high of $229.77. The company has a market capitalization of $15.26 billion, a PE ratio of 28.87 and a beta of 0.98.

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.