Brookstone Capital Management Has $6.61 Million Stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

Brookstone Capital Management lifted its stake in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 820.8% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 31,924 shares of the company’s stock after buying an additional 28,457 shares during the quarter. Brookstone Capital Management owned about 0.06% of iShares MSCI USA Momentum Factor ETF worth $6,606,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of MTUM. Ashton Thomas Private Wealth LLC bought a new position in shares of iShares MSCI USA Momentum Factor ETF during the 2nd quarter worth about $48,000. Mercer Global Advisors Inc. ADV boosted its holdings in iShares MSCI USA Momentum Factor ETF by 2.9% in the second quarter. Mercer Global Advisors Inc. ADV now owns 7,551,417 shares of the company’s stock worth $1,463,815,000 after acquiring an additional 213,637 shares in the last quarter. Blair William & Co. IL boosted its holdings in iShares MSCI USA Momentum Factor ETF by 1.9% in the second quarter. Blair William & Co. IL now owns 8,068 shares of the company’s stock worth $1,572,000 after acquiring an additional 149 shares in the last quarter. Bright Financial Advisors Inc. acquired a new stake in iShares MSCI USA Momentum Factor ETF in the second quarter valued at approximately $2,759,000. Finally, Benjamin F. Edwards & Company Inc. increased its holdings in shares of iShares MSCI USA Momentum Factor ETF by 407.5% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 4,060 shares of the company’s stock valued at $791,000 after acquiring an additional 3,260 shares in the last quarter.

iShares MSCI USA Momentum Factor ETF Trading Down 0.0 %

BATS MTUM opened at $206.84 on Tuesday. The company has a fifty day simple moving average of $211.66 and a 200 day simple moving average of $202.15. iShares MSCI USA Momentum Factor ETF has a 12-month low of $81.37 and a 12-month high of $113.60. The company has a market cap of $11.20 billion, a P/E ratio of 18.53 and a beta of 1.10.

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.