EP Wealth Advisors LLC Boosts Stock Holdings in iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

EP Wealth Advisors LLC increased its position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 7.5% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,081 shares of the company’s stock after acquiring an additional 146 shares during the period. EP Wealth Advisors LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $405,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in MTUM. Able Wealth Management LLC bought a new stake in shares of iShares MSCI USA Momentum Factor ETF in the fourth quarter worth approximately $28,000. Woodmont Investment Counsel LLC bought a new stake in iShares MSCI USA Momentum Factor ETF in the 1st quarter worth approximately $28,000. GAMMA Investing LLC purchased a new stake in iShares MSCI USA Momentum Factor ETF during the 1st quarter valued at $29,000. Abich Financial Wealth Management LLC bought a new position in shares of iShares MSCI USA Momentum Factor ETF during the 2nd quarter valued at $33,000. Finally, Wellington Shields & Co. LLC purchased a new position in shares of iShares MSCI USA Momentum Factor ETF in the 1st quarter worth $42,000.

iShares MSCI USA Momentum Factor ETF Price Performance

Shares of MTUM opened at $201.80 on Friday. iShares MSCI USA Momentum Factor ETF has a one year low of $81.37 and a one year high of $113.60. The business has a fifty day moving average of $193.38 and a 200 day moving average of $190.35. The firm has a market capitalization of $10.93 billion, a P/E 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.