Oxford Wealth Group LLC Invests $2.80 Million in iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

Oxford Wealth Group LLC acquired a new stake in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) during the 1st quarter, Holdings Channel reports. The fund acquired 14,960 shares of the company’s stock, valued at approximately $2,803,000. iShares MSCI USA Momentum Factor ETF accounts for about 2.6% of Oxford Wealth Group LLC’s investment portfolio, making the stock its 10th largest holding.

Other institutional investors also recently bought and sold shares of the company. Envestnet Asset Management Inc. grew its position in iShares MSCI USA Momentum Factor ETF by 3.3% during the 4th 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 during the last quarter. Sculati Wealth Management LLC bought a new position in shares of iShares MSCI USA Momentum Factor ETF in the 4th quarter worth approximately $201,000. Traction Financial Partners LLC bought a new position in shares of iShares MSCI USA Momentum Factor ETF in the 4th quarter worth approximately $323,000. Franklin Resources Inc. lifted its stake in shares of iShares MSCI USA Momentum Factor ETF by 38.3% in the 4th quarter. Franklin Resources Inc. now owns 59,950 shares of the company’s stock worth $9,406,000 after purchasing an additional 16,611 shares during the period. Finally, Simplicity Solutions LLC bought a new position in shares of iShares MSCI USA Momentum Factor ETF in the 4th quarter worth approximately $572,000.

iShares MSCI USA Momentum Factor ETF Price Performance

Shares of BATS:MTUM traded down $2.43 during trading on Tuesday, hitting $184.96. The company’s stock had a trading volume of 584,990 shares. The company has a 50-day moving average of $193.29 and a 200-day moving average of $184.51. iShares MSCI USA Momentum Factor ETF has a 12 month low of $81.37 and a 12 month high of $113.60. The firm has a market cap of $10.02 billion, a price-to-earnings ratio of 18.53 and a beta of 1.10.

iShares MSCI USA Momentum Factor ETF 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.