Diversify Wealth Management LLC Takes Position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

by · The Cerbat Gem

Diversify Wealth Management LLC bought a new stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM – Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 2,078 shares of the company’s stock, valued at approximately $431,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in MTUM. Eagle Strategies LLC boosted its position in shares of iShares MSCI USA Momentum Factor ETF by 2.6% in the 3rd quarter. Eagle Strategies LLC now owns 3,024 shares of the company’s stock worth $613,000 after purchasing an additional 77 shares during the last quarter. Tyche Wealth Partners LLC boosted its position in shares of iShares MSCI USA Momentum Factor ETF by 2.7% in the 3rd quarter. Tyche Wealth Partners LLC now owns 2,533 shares of the company’s stock worth $514,000 after purchasing an additional 66 shares during the last quarter. Strategic Blueprint LLC boosted its position in shares of iShares MSCI USA Momentum Factor ETF by 13.1% in the 3rd quarter. Strategic Blueprint LLC now owns 3,751 shares of the company’s stock worth $761,000 after purchasing an additional 433 shares during the last quarter. Fortitude Family Office LLC boosted its position in shares of iShares MSCI USA Momentum Factor ETF by 1,255.6% in the 3rd quarter. Fortitude Family Office LLC now owns 122 shares of the company’s stock worth $25,000 after purchasing an additional 113 shares during the last quarter. Finally, Arkadios Wealth Advisors boosted its position in shares of iShares MSCI USA Momentum Factor ETF by 16.7% in the 3rd quarter. Arkadios Wealth Advisors now owns 2,203 shares of the company’s stock worth $447,000 after purchasing an additional 316 shares during the last quarter.

iShares MSCI USA Momentum Factor ETF Stock Down 1.3 %

BATS:MTUM opened at $202.41 on Friday. The stock’s fifty day simple moving average is $200.82 and its 200-day simple moving average is $193.09. The firm has a market capitalization of $10.96 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.

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.

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