Straight Path Wealth Management Has $12.20 Million Stock Position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

Straight Path Wealth Management grew its holdings in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 4.5% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 62,600 shares of the company’s stock after buying an additional 2,693 shares during the quarter. iShares MSCI USA Momentum Factor ETF makes up approximately 6.3% of Straight Path Wealth Management’s investment portfolio, making the stock its 4th largest holding. Straight Path Wealth Management’s holdings in iShares MSCI USA Momentum Factor ETF were worth $12,199,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. First Personal Financial Services purchased a new position in iShares MSCI USA Momentum Factor ETF in the 1st quarter valued at approximately $27,000. Able Wealth Management LLC purchased a new position in shares of iShares MSCI USA Momentum Factor ETF in the fourth quarter valued at $28,000. Woodmont Investment Counsel LLC bought a new stake in shares of iShares MSCI USA Momentum Factor ETF during the 1st quarter valued at $28,000. GAMMA Investing LLC purchased a new stake in iShares MSCI USA Momentum Factor ETF during the 1st quarter worth about $29,000. Finally, Abich Financial Wealth Management LLC bought a new position in iShares MSCI USA Momentum Factor ETF in the 2nd quarter worth about $33,000.

iShares MSCI USA Momentum Factor ETF Stock Down 0.7 %

MTUM stock opened at $201.94 on Friday. The stock has a 50-day simple moving average of $192.24 and a two-hundred day simple moving average of $189.75. 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 $10.93 billion, a PE 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.