Uniting Wealth Partners LLC Boosts Stock Holdings in iShares MSCI USA Momentum Factor ETF $MTUM

Uniting Wealth Partners LLC increased its holdings in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM – Free Report) by 22.3% during the 4th quarter, HoldingsChannel reports. The fund owned 26,181 shares of the company’s stock after buying an additional 4,779 shares during the period. iShares MSCI USA Momentum Factor ETF accounts for approximately 2.0% of Uniting Wealth Partners LLC’s portfolio, making the stock its 9th biggest holding. Uniting Wealth Partners LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $6,553,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of MTUM. Focus Partners Wealth boosted its stake in iShares MSCI USA Momentum Factor ETF by 2,939.7% during the third quarter. Focus Partners Wealth now owns 927,145 shares of the company’s stock worth $237,766,000 after acquiring an additional 896,644 shares in the last quarter. LPL Financial LLC increased its stake in iShares MSCI USA Momentum Factor ETF by 24.7% during the 4th quarter. LPL Financial LLC now owns 3,291,857 shares of the company’s stock valued at $823,985,000 after purchasing an additional 652,414 shares in the last quarter. JPMorgan Chase & Co. increased its stake in iShares MSCI USA Momentum Factor ETF by 32.2% during the 4th quarter. JPMorgan Chase & Co. now owns 1,151,084 shares of the company’s stock valued at $288,128,000 after purchasing an additional 280,192 shares in the last quarter. Envestnet Portfolio Solutions Inc. increased its stake in iShares MSCI USA Momentum Factor ETF by 55.3% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 721,042 shares of the company’s stock valued at $180,484,000 after purchasing an additional 256,639 shares in the last quarter. Finally, CWM LLC increased its stake in iShares MSCI USA Momentum Factor ETF by 25.3% during the 4th quarter. CWM LLC now owns 1,141,425 shares of the company’s stock valued at $285,710,000 after purchasing an additional 230,310 shares in the last quarter.

iShares MSCI USA Momentum Factor ETF Stock Performance

BATS:MTUM opened at $324.40 on Friday. The firm has a market cap of $23.68 billion, a P/E ratio of 28.67 and a beta of 1.02. iShares MSCI USA Momentum Factor ETF has a fifty-two week low of $229.42 and a fifty-two week high of $331.49. The firm has a 50-day simple moving average of $291.25 and a two-hundred day simple moving average of $265.12.

About iShares MSCI USA Momentum Factor ETF

(Free Report)

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. MTUM was launched on Apr 16, 2013 and is managed by BlackRock.

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