Dynasty Wealth Management LLC Invests $1.07 Million in iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

Dynasty Wealth Management LLC acquired a new position in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) during the 1st quarter, Holdings Channel reports. The fund acquired 5,709 shares of the company’s stock, valued at approximately $1,070,000.

A number of other institutional investors have also recently bought and sold shares of the stock. First Personal Financial Services acquired a new position in shares of iShares MSCI USA Momentum Factor ETF in the first quarter valued at about $27,000. Able Wealth Management LLC acquired a new stake in shares of iShares MSCI USA Momentum Factor ETF during the 4th quarter worth approximately $28,000. Woodmont Investment Counsel LLC bought a new position in shares of iShares MSCI USA Momentum Factor ETF in the 1st quarter worth $28,000. GAMMA Investing LLC bought a new position in iShares MSCI USA Momentum Factor ETF during the 1st quarter valued at $29,000. Finally, Family Capital Trust Co bought a new position in iShares MSCI USA Momentum Factor ETF during the 1st quarter valued at $34,000.

iShares MSCI USA Momentum Factor ETF Stock Down 1.3 %

MTUM traded down $2.43 during trading hours on Wednesday, hitting $184.96. The stock had a trading volume of 584,999 shares. The stock has a market cap of $10.02 billion, a PE ratio of 18.53 and a beta of 1.10. iShares MSCI USA Momentum Factor ETF has a 1 year low of $81.37 and a 1 year high of $113.60. The company’s fifty day simple moving average is $193.29 and its 200 day simple moving average is $184.51.

iShares MSCI USA Momentum Factor ETF 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.