Fairvoy Private Wealth LLC Makes New Investment in iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

Fairvoy Private Wealth LLC purchased a new stake in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 2,190 shares of the company’s stock, valued at approximately $453,000.

A number of other hedge funds also recently added to or reduced their stakes in the business. Thurston Springer Miller Herd & Titak Inc. lifted its holdings in shares of iShares MSCI USA Momentum Factor ETF by 1,880.0% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 198 shares of the company’s stock valued at $41,000 after buying an additional 188 shares during the period. AdvisorNet Financial Inc increased its holdings in shares of iShares MSCI USA Momentum Factor ETF by 51.4% in the 4th quarter. AdvisorNet Financial Inc now owns 218 shares of the company’s stock valued at $45,000 after acquiring an additional 74 shares during the last quarter. Signaturefd LLC increased its holdings in shares of iShares MSCI USA Momentum Factor ETF by 1,550.0% in the 3rd quarter. Signaturefd LLC now owns 165 shares of the company’s stock worth $33,000 after acquiring an additional 155 shares during the period. Arizona PSPRS Trust grew its holdings in iShares MSCI USA Momentum Factor ETF by 2.0% during the third quarter. Arizona PSPRS Trust now owns 362,613 shares of the company’s stock worth $73,523,000 after acquiring an additional 7,115 shares during the period. Finally, Glenmede Trust Co. NA boosted its stake in iShares MSCI USA Momentum Factor ETF by 38.7% in the 3rd quarter. Glenmede Trust Co. NA now owns 3,327 shares of the company’s stock worth $675,000 after purchasing an additional 928 shares during the period.

iShares MSCI USA Momentum Factor ETF Stock Up 8.2 %

MTUM opened at $226.03 on Friday. The stock’s 50 day moving average price is $213.74 and its two-hundred day moving average price is $204.54. The firm has a market capitalization of $12.24 billion, a P/E 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.