Maridea Wealth Management LLC Invests $210,000 in iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

Maridea Wealth Management LLC purchased a new stake in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 1,016 shares of the company’s stock, valued at approximately $210,000.

A number of other large investors have also added to or reduced their stakes in the company. Duncker Streett & Co. Inc. purchased a new position in iShares MSCI USA Momentum Factor ETF in the 4th quarter valued at about $25,000. Murphy & Mullick Capital Management Corp acquired a new position in shares of iShares MSCI USA Momentum Factor ETF in the fourth quarter worth about $30,000. Mainstream Capital Management LLC purchased a new position in iShares MSCI USA Momentum Factor ETF in the fourth quarter valued at about $31,000. Thurston Springer Miller Herd & Titak Inc. grew its stake in iShares MSCI USA Momentum Factor ETF by 1,880.0% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 198 shares of the company’s stock valued at $41,000 after purchasing an additional 188 shares in the last quarter. Finally, AdvisorNet Financial Inc increased its holdings in iShares MSCI USA Momentum Factor ETF by 51.4% during the 4th quarter. AdvisorNet Financial Inc now owns 218 shares of the company’s stock worth $45,000 after purchasing an additional 74 shares during the last quarter.

iShares MSCI USA Momentum Factor ETF Stock Down 3.9 %

Shares of MTUM opened at $200.78 on Friday. The firm has a market cap of $13.80 billion, a price-to-earnings ratio of 27.42 and a beta of 0.99. The business’s 50 day moving average is $214.93 and its two-hundred day moving average is $210.55. iShares MSCI USA Momentum Factor ETF has a 52-week low of $168.49 and a 52-week high of $229.77.

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.