21,873 Shares in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) Bought by Wealth Alliance

Wealth Alliance acquired a new position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 21,873 shares of the company’s stock, valued at approximately $4,526,000. iShares MSCI USA Momentum Factor ETF comprises about 0.5% of Wealth Alliance’s investment portfolio, making the stock its 27th largest position.

Other institutional investors have also recently bought and sold shares of the company. CogentBlue Wealth Advisors LLC purchased a new position in shares of iShares MSCI USA Momentum Factor ETF in the 4th quarter worth about $313,000. Bryn Mawr Capital Management LLC purchased a new position in iShares MSCI USA Momentum Factor ETF in the fourth quarter valued at about $12,092,000. Private Advisor Group LLC grew its position in shares of iShares MSCI USA Momentum Factor ETF by 13.8% during the 4th quarter. Private Advisor Group LLC now owns 71,842 shares of the company’s stock valued at $14,865,000 after acquiring an additional 8,721 shares during the period. Legacy Solutions LLC purchased a new stake in shares of iShares MSCI USA Momentum Factor ETF during the 4th quarter worth approximately $398,000. Finally, Flagstar Advisors Inc. raised its holdings in shares of iShares MSCI USA Momentum Factor ETF by 13.0% in the 4th quarter. Flagstar Advisors Inc. now owns 3,475 shares of the company’s stock worth $719,000 after purchasing an additional 401 shares during the period.

iShares MSCI USA Momentum Factor ETF Trading Up 9.6 %

Shares of BATS MTUM opened at $229.08 on Thursday. The stock has a fifty day simple moving average of $216.18 and a two-hundred day simple moving average of $207.29. iShares MSCI USA Momentum Factor ETF has a 1-year low of $81.37 and a 1-year high of $113.60. The firm has a market cap of $12.40 billion, a price-to-earnings ratio of 18.53 and a beta of 1.10.

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.