National Wealth Management Group LLC Purchases Shares of 1,402 iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

National Wealth Management Group LLC acquired a new position in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 1,402 shares of the company’s stock, valued at approximately $290,000.

Other hedge funds also recently modified their holdings of the company. Raymond James Financial Inc. acquired a new stake in iShares MSCI USA Momentum Factor ETF in the fourth quarter valued at approximately $574,824,000. LPL Financial LLC grew its position in iShares MSCI USA Momentum Factor ETF by 215.4% in the 4th quarter. LPL Financial LLC now owns 1,954,637 shares of the company’s stock valued at $404,454,000 after purchasing an additional 1,334,851 shares during the period. JPMorgan Chase & Co. grew its position in iShares MSCI USA Momentum Factor ETF by 204.8% in the 4th quarter. JPMorgan Chase & Co. now owns 1,128,104 shares of the company’s stock valued at $233,427,000 after purchasing an additional 758,024 shares during the period. Envestnet Portfolio Solutions Inc. increased its stake in iShares MSCI USA Momentum Factor ETF by 5,196.8% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 689,435 shares of the company’s stock valued at $142,658,000 after purchasing an additional 676,419 shares in the last quarter. Finally, Park Avenue Securities LLC raised its holdings in 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 worth $104,969,000 after buying an additional 463,387 shares during the last quarter.

iShares MSCI USA Momentum Factor ETF Price Performance

Shares of BATS MTUM opened at $202.14 on Tuesday. The company has a 50-day moving average price of $214.63 and a 200-day moving average price of $210.73. The stock has a market capitalization of $13.92 billion, a P/E ratio of 27.38 and a beta of 1.00. iShares MSCI USA Momentum Factor ETF has a 1 year low of $168.49 and a 1 year high of $229.77.

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.