Brown Miller Wealth Management LLC Invests $320,000 in iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

Brown Miller Wealth Management LLC purchased a new stake in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 2,038 shares of the company’s stock, valued at approximately $320,000.

Other hedge funds have also recently modified their holdings of the company. SRS Capital Advisors Inc. raised its position in iShares MSCI USA Momentum Factor ETF by 1.1% in the 1st quarter. SRS Capital Advisors Inc. now owns 6,565 shares of the company’s stock valued at $913,000 after purchasing an additional 73 shares in the last quarter. Bessemer Group Inc. lifted its position in iShares MSCI USA Momentum Factor ETF by 6.4% in the 2nd quarter. Bessemer Group Inc. now owns 1,242 shares of the company’s stock valued at $179,000 after purchasing an additional 75 shares during the last quarter. Blair William & Co. IL raised its holdings in shares of iShares MSCI USA Momentum Factor ETF by 1.0% during the third quarter. Blair William & Co. IL now owns 7,318 shares of the company’s stock valued at $1,022,000 after acquiring an additional 76 shares during the period. Fortis Capital Advisors LLC raised its holdings in iShares MSCI USA Momentum Factor ETF by 44.9% in the 1st quarter. Fortis Capital Advisors LLC now owns 271 shares of the company’s stock worth $38,000 after acquiring an additional 84 shares during the period. Finally, Baker Boyer National Bank increased its position in shares of iShares MSCI USA Momentum Factor ETF by 2.6% during the 3rd quarter. Baker Boyer National Bank now owns 3,380 shares of the company’s stock worth $472,000 after purchasing an additional 87 shares in the last quarter.

iShares MSCI USA Momentum Factor ETF Price Performance

Shares of iShares MSCI USA Momentum Factor ETF stock traded down $0.37 on Thursday, hitting $187.35. The company had a trading volume of 2,149,897 shares. The stock has a 50-day moving average of $178.86 and a 200-day moving average of $158.57. iShares MSCI USA Momentum Factor ETF has a twelve month low of $81.37 and a twelve month high of $113.60. The firm has a market capitalization of $11.65 billion, a P/E ratio of 19.35 and a beta of 0.91.

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.