B. Riley Wealth Advisors Inc. Purchases 2,814 Shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

B. Riley Wealth Advisors Inc. raised its position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 34.2% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 11,053 shares of the company’s stock after acquiring an additional 2,814 shares during the period. B. Riley Wealth Advisors Inc.’s holdings in iShares MSCI USA Momentum Factor ETF were worth $2,154,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of MTUM. Envestnet Asset Management Inc. raised its stake in shares of iShares MSCI USA Momentum Factor ETF by 3.3% in the fourth quarter. Envestnet Asset Management Inc. now owns 7,143,076 shares of the company’s stock valued at $1,120,677,000 after purchasing an additional 229,231 shares in the last quarter. Traction Financial Partners LLC bought a new position in shares of iShares MSCI USA Momentum Factor ETF during the 4th quarter worth about $323,000. QRG Capital Management Inc. bought a new position in shares of iShares MSCI USA Momentum Factor ETF during the 1st quarter worth about $329,000. CFS Investment Advisory Services LLC boosted its position in shares of iShares MSCI USA Momentum Factor ETF by 2.3% during the 4th quarter. CFS Investment Advisory Services LLC now owns 13,075 shares of the company’s stock valued at $2,051,000 after acquiring an additional 300 shares in the last quarter. Finally, Barometer Capital Management Inc. bought a new stake in iShares MSCI USA Momentum Factor ETF in the fourth quarter valued at about $408,000.

iShares MSCI USA Momentum Factor ETF Stock Down 0.6 %

Shares of MTUM opened at $201.61 on Wednesday. The company has a 50-day moving average price of $192.76 and a two-hundred day moving average price of $190.18. The stock has a market cap of $10.92 billion, a price-to-earnings ratio of 18.53 and a beta of 1.10. iShares MSCI USA Momentum Factor ETF has a 12 month low of $81.37 and a 12 month high of $113.60.

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.