iShares MSCI USA Momentum Factor ETF (BATS:MTUM) is Straight Path Wealth Management’s 5th Largest Position

Straight Path Wealth Management raised its position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 0.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 62,935 shares of the company’s stock after buying an additional 335 shares during the quarter. iShares MSCI USA Momentum Factor ETF makes up approximately 5.5% of Straight Path Wealth Management’s portfolio, making the stock its 5th biggest position. Straight Path Wealth Management’s holdings in iShares MSCI USA Momentum Factor ETF were worth $12,761,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in MTUM. Arizona PSPRS Trust purchased a new stake in iShares MSCI USA Momentum Factor ETF in the second quarter valued at approximately $69,276,000. Mercer Global Advisors Inc. ADV lifted its stake 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 valued at $1,463,815,000 after buying an additional 213,637 shares during the last quarter. Symmetry Partners LLC lifted its stake in iShares MSCI USA Momentum Factor ETF by 62.7% in the second quarter. Symmetry Partners LLC now owns 541,276 shares of the company’s stock valued at $105,479,000 after buying an additional 208,691 shares during the last quarter. Foster Group Inc. lifted its stake in iShares MSCI USA Momentum Factor ETF by 281.1% in the second quarter. Foster Group Inc. now owns 277,940 shares of the company’s stock valued at $54,162,000 after buying an additional 205,017 shares during the last quarter. Finally, Cetera Investment Advisers lifted its stake in iShares MSCI USA Momentum Factor ETF by 2,256.8% in the first quarter. Cetera Investment Advisers now owns 175,700 shares of the company’s stock valued at $32,917,000 after buying an additional 168,245 shares during the last quarter.

iShares MSCI USA Momentum Factor ETF Stock Performance

BATS MTUM traded down $1.37 on Friday, reaching $208.41. The stock had a trading volume of 1,087,373 shares. iShares MSCI USA Momentum Factor ETF has a 12-month low of $81.37 and a 12-month high of $113.60. The business’s 50-day moving average price is $204.10 and its 200 day moving average price is $195.42. The stock has a market cap of $11.29 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.