Strategic Financial Concepts LLC Buys New Shares in iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

Strategic Financial Concepts LLC bought a new stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) in the second quarter, HoldingsChannel reports. The fund bought 66,558 shares of the company’s stock, valued at approximately $130,000.

Other hedge funds have also added to or reduced their stakes in the company. First Personal Financial Services bought a new position in iShares MSCI USA Momentum Factor ETF in the first quarter valued at $27,000. Woodmont Investment Counsel LLC bought a new position in shares of iShares MSCI USA Momentum Factor ETF in the 1st quarter valued at about $28,000. GAMMA Investing LLC bought a new position in shares of iShares MSCI USA Momentum Factor ETF in the 1st quarter valued at about $29,000. Able Wealth Management LLC bought a new position in shares of iShares MSCI USA Momentum Factor ETF in the 4th quarter valued at about $28,000. Finally, Family Capital Trust Co bought a new position in shares of iShares MSCI USA Momentum Factor ETF in the 1st quarter valued at about $34,000.

iShares MSCI USA Momentum Factor ETF Price Performance

Shares of MTUM opened at $189.58 on Wednesday. The firm has a 50-day moving average of $192.09 and a 200-day moving average of $188.58. iShares MSCI USA Momentum Factor ETF has a one year low of $81.37 and a one year high of $113.60. The company has a market cap of $10.27 billion, a PE ratio of 18.53 and a beta of 1.10.

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.