iShares MSCI USA Momentum Factor ETF (BATS:MTUM) is Summit Wealth Group LLC’s 6th Largest Position

Summit Wealth Group LLC reduced its position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 27.4% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 63,715 shares of the company’s stock after selling 24,023 shares during the quarter. iShares MSCI USA Momentum Factor ETF comprises about 3.7% of Summit Wealth Group LLC’s holdings, making the stock its 6th largest position. Summit Wealth Group LLC owned approximately 0.12% of iShares MSCI USA Momentum Factor ETF worth $12,919,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Blair William & Co. IL lifted its position in iShares MSCI USA Momentum Factor ETF by 7.8% during the first quarter. Blair William & Co. IL now owns 7,919 shares of the company’s stock worth $1,484,000 after buying an additional 571 shares during the period. Edgestream Partners L.P. purchased a new stake in iShares MSCI USA Momentum Factor ETF during the first quarter worth approximately $297,000. O Shaughnessy Asset Management LLC lifted its holdings in shares of iShares MSCI USA Momentum Factor ETF by 215.7% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 2,087 shares of the company’s stock valued at $391,000 after acquiring an additional 1,426 shares in the last quarter. Natixis boosted its position in iShares MSCI USA Momentum Factor ETF by 12.1% during the 1st quarter. Natixis now owns 3,726 shares of the company’s stock worth $698,000 after purchasing an additional 401 shares during the period. Finally, CreativeOne Wealth LLC increased its holdings in iShares MSCI USA Momentum Factor ETF by 152.0% in the 1st quarter. CreativeOne Wealth LLC now owns 3,705 shares of the company’s stock valued at $694,000 after purchasing an additional 2,235 shares in the last quarter.

iShares MSCI USA Momentum Factor ETF Price Performance

BATS:MTUM opened at $209.41 on Tuesday. The business’s 50-day moving average is $204.10 and its two-hundred day moving average is $195.69. The firm has a market capitalization of $11.34 billion, a PE ratio of 18.53 and a beta of 1.10. iShares MSCI USA Momentum Factor ETF has a 12 month low of $81.37 and a 12 month high of $113.60.

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.