Milestone Asset Management LLC Buys 3,818 Shares of iShares MSCI USA Momentum Factor ETF $MTUM

by · The Markets Daily

Milestone Asset Management LLC raised its stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM – Free Report) by 105.4% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,440 shares of the company’s stock after buying an additional 3,818 shares during the period. Milestone Asset Management LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $1,908,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also modified their holdings of the stock. Acropolis Investment Management LLC raised its position in shares of iShares MSCI USA Momentum Factor ETF by 4.5% in the 3rd quarter. Acropolis Investment Management LLC now owns 134,659 shares of the company’s stock worth $32,361,000 after acquiring an additional 5,813 shares in the last quarter. Beacon Financial Group grew its stake in iShares MSCI USA Momentum Factor ETF by 11.0% in the third quarter. Beacon Financial Group now owns 22,212 shares of the company’s stock valued at $5,696,000 after purchasing an additional 2,203 shares during the last quarter. Advocacy Wealth Management Services LLC raised its holdings in iShares MSCI USA Momentum Factor ETF by 5.7% in the second quarter. Advocacy Wealth Management Services LLC now owns 88,416 shares of the company’s stock worth $21,248,000 after purchasing an additional 4,752 shares in the last quarter. Gilbert Capital Group Inc. bought a new position in iShares MSCI USA Momentum Factor ETF in the second quarter worth about $3,750,000. Finally, Allworth Financial LP lifted its position in shares of iShares MSCI USA Momentum Factor ETF by 88.4% during the second quarter. Allworth Financial LP now owns 18,613 shares of the company’s stock valued at $4,473,000 after buying an additional 8,731 shares during the last quarter.

iShares MSCI USA Momentum Factor ETF Stock Performance

BATS:MTUM opened at $255.36 on Thursday. The company’s 50-day simple moving average is $250.06 and its 200-day simple moving average is $246.08. iShares MSCI USA Momentum Factor ETF has a fifty-two week low of $168.49 and a fifty-two week high of $240.99. The stock has a market capitalization of $18.64 billion, a P/E ratio of 28.67 and a beta of 1.02.

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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