iShares MSCI USA Momentum Factor ETF (BATS:MTUM) is Straight Path Wealth Management’s 5th Largest Position

Straight Path Wealth Management increased its holdings in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 0.5% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 62,935 shares of the company’s stock after acquiring an additional 335 shares during the quarter. iShares MSCI USA Momentum Factor ETF makes up about 5.5% of Straight Path Wealth Management’s investment portfolio, making the stock its 5th largest position. Straight Path Wealth Management owned approximately 0.12% of iShares MSCI USA Momentum Factor ETF worth $12,761,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Fortitude Family Office LLC lifted its stake in iShares MSCI USA Momentum Factor ETF by 1,255.6% in the third quarter. Fortitude Family Office LLC now owns 122 shares of the company’s stock worth $25,000 after acquiring an additional 113 shares during the period. Signaturefd LLC lifted its position in shares of iShares MSCI USA Momentum Factor ETF by 1,550.0% during 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. Abich Financial Wealth Management LLC purchased a new stake in shares of iShares MSCI USA Momentum Factor ETF during the second quarter valued at about $33,000. Capital Performance Advisors LLP purchased a new stake in shares of iShares MSCI USA Momentum Factor ETF during the third quarter valued at about $43,000. Finally, Wellington Shields & Co. LLC purchased a new stake in shares of iShares MSCI USA Momentum Factor ETF during the first quarter valued at about $42,000.

iShares MSCI USA Momentum Factor ETF Price Performance

Shares of MTUM stock traded down $1.37 during mid-day trading on Friday, hitting $208.41. 1,087,373 shares of the stock traded hands. iShares MSCI USA Momentum Factor ETF has a 52-week low of $81.37 and a 52-week high of $113.60. The stock’s fifty day moving average is $204.10 and its two-hundred day moving average is $195.42. The stock has a market cap of $11.29 billion, a P/E ratio of 18.53 and a beta of 1.10.

iShares MSCI USA Momentum Factor ETF Company Profile

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.