Liberty Wealth Management LLC Increases Holdings in iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

Liberty Wealth Management LLC increased its stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 4,142.7% during the second quarter, according to its most recent filing with the SEC. The fund owned 123,888 shares of the company’s stock after buying an additional 120,968 shares during the quarter. Liberty Wealth Management LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $24,142,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in MTUM. First Personal Financial Services purchased a new position in iShares MSCI USA Momentum Factor ETF during the 1st quarter valued at about $27,000. Woodmont Investment Counsel LLC purchased a new position in iShares MSCI USA Momentum Factor ETF during the 1st quarter valued at about $28,000. GAMMA Investing LLC purchased a new position in iShares MSCI USA Momentum Factor ETF during the 1st quarter valued at about $29,000. Able Wealth Management LLC purchased a new position in iShares MSCI USA Momentum Factor ETF during the 4th quarter valued at about $28,000. Finally, Family Capital Trust Co purchased a new position in iShares MSCI USA Momentum Factor ETF during the 1st quarter valued at about $34,000.

iShares MSCI USA Momentum Factor ETF Stock Down 2.2 %

MTUM stock opened at $186.03 on Monday. The firm has a market capitalization of $10.07 billion, a PE ratio of 18.53 and a beta of 1.10. iShares MSCI USA Momentum Factor ETF has a twelve month low of $81.37 and a twelve month high of $113.60. The stock has a 50-day simple moving average of $192.34 and a two-hundred day simple moving average of $188.45.

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.