ShoreHaven Wealth Partners LLC Takes $2.31 Million Position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

ShoreHaven Wealth Partners LLC bought a new position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) in the fourth quarter, according to its most recent filing with the SEC. The firm bought 11,144 shares of the company’s stock, valued at approximately $2,306,000. iShares MSCI USA Momentum Factor ETF makes up 1.1% of ShoreHaven Wealth Partners LLC’s investment portfolio, making the stock its 22nd largest position.

Other institutional investors also recently bought and sold shares of the company. Fortitude Family Office LLC grew its stake in iShares MSCI USA Momentum Factor ETF by 1,255.6% during the 3rd quarter. Fortitude Family Office LLC now owns 122 shares of the company’s stock valued at $25,000 after purchasing an additional 113 shares during the last quarter. Signaturefd LLC boosted its position in iShares MSCI USA Momentum Factor ETF by 1,550.0% in the third quarter. Signaturefd LLC now owns 165 shares of the company’s stock valued at $33,000 after buying an additional 155 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. increased its holdings in iShares MSCI USA Momentum Factor ETF by 1,880.0% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 198 shares of the company’s stock worth $41,000 after buying an additional 188 shares during the period. Capital Performance Advisors LLP purchased a new position in iShares MSCI USA Momentum Factor ETF during the 3rd quarter worth approximately $43,000. Finally, AdvisorNet Financial Inc raised its position 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 buying an additional 74 shares during the last quarter.

iShares MSCI USA Momentum Factor ETF Price Performance

MTUM stock opened at $227.79 on Friday. The company has a market capitalization of $12.33 billion, a P/E ratio of 18.53 and a beta of 1.10. iShares MSCI USA Momentum Factor ETF has a 12 month low of $81.37 and a 12 month high of $113.60. The firm’s fifty day simple moving average is $214.75 and its 200-day simple moving average is $205.79.

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.