Fluent Financial LLC Takes $2.94 Million Position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

Fluent Financial LLC acquired a new stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 15,077 shares of the company’s stock, valued at approximately $2,938,000. iShares MSCI USA Momentum Factor ETF comprises about 1.5% of Fluent Financial LLC’s portfolio, making the stock its 28th largest position.

Several other large investors have also made changes to their positions in MTUM. Simplex Trading LLC purchased a new stake in iShares MSCI USA Momentum Factor ETF during the fourth quarter worth $227,000. Aveo Capital Partners LLC purchased a new stake in iShares MSCI USA Momentum Factor ETF during the fourth quarter worth $281,000. Wealthcare Advisory Partners LLC boosted its holdings in iShares MSCI USA Momentum Factor ETF by 3.9% during the fourth quarter. Wealthcare Advisory Partners LLC now owns 1,671 shares of the company’s stock worth $262,000 after buying an additional 63 shares in the last quarter. Apollon Wealth Management LLC boosted its holdings in iShares MSCI USA Momentum Factor ETF by 28.1% during the fourth quarter. Apollon Wealth Management LLC now owns 8,185 shares of the company’s stock worth $1,284,000 after buying an additional 1,794 shares in the last quarter. Finally, Principal Securities Inc. purchased a new stake in iShares MSCI USA Momentum Factor ETF during the fourth quarter worth $670,000.

iShares MSCI USA Momentum Factor ETF Stock Performance

BATS MTUM traded down $1.13 during mid-day trading on Friday, reaching $190.18. 1,682,289 shares of the stock were exchanged. The company has a market capitalization of $10.30 billion, a P/E 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 business’s 50 day moving average is $192.52 and its 200-day moving average is $188.19.

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.