Kingsview Wealth Management LLC Purchases 202 Shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

Kingsview Wealth Management LLC lifted its position in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 17.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,330 shares of the company’s stock after purchasing an additional 202 shares during the period. Kingsview Wealth Management LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $275,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in MTUM. Park Avenue Securities LLC lifted its position in shares of iShares MSCI USA Momentum Factor ETF by 1,055.4% during the fourth quarter. Park Avenue Securities LLC now owns 507,294 shares of the company’s stock valued at $104,969,000 after purchasing an additional 463,387 shares in the last quarter. Janney Montgomery Scott LLC increased its holdings in iShares MSCI USA Momentum Factor ETF by 140.9% during the fourth quarter. Janney Montgomery Scott LLC now owns 425,097 shares of the company’s stock worth $87,961,000 after buying an additional 248,600 shares during the last quarter. Citigroup Inc. increased its holdings in iShares MSCI USA Momentum Factor ETF by 1,266.9% during the third quarter. Citigroup Inc. now owns 253,036 shares of the company’s stock worth $51,305,000 after buying an additional 234,524 shares during the last quarter. Foundations Investment Advisors LLC increased its holdings in iShares MSCI USA Momentum Factor ETF by 245.6% during the fourth quarter. Foundations Investment Advisors LLC now owns 225,033 shares of the company’s stock worth $46,564,000 after buying an additional 159,916 shares during the last quarter. Finally, JB Capital LLC purchased a new stake in iShares MSCI USA Momentum Factor ETF during the fourth quarter worth about $32,997,000.

iShares MSCI USA Momentum Factor ETF Stock Performance

BATS MTUM opened at $228.40 on Friday. iShares MSCI USA Momentum Factor ETF has a 52-week low of $81.37 and a 52-week high of $113.60. The company has a 50-day simple moving average of $214.98 and a 200 day simple moving average of $205.94. The company has a market capitalization of $12.37 billion, a PE ratio of 18.53 and a beta of 1.10.

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.