Optivise Advisory Services LLC Acquires Shares of 6,536 iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

Optivise Advisory Services LLC bought a new stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) during the third quarter, HoldingsChannel.com reports. The institutional investor bought 6,536 shares of the company’s stock, valued at approximately $1,325,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Fortitude Family Office LLC raised its stake in iShares MSCI USA Momentum Factor ETF by 1,255.6% during the third quarter. Fortitude Family Office LLC now owns 122 shares of the company’s stock valued at $25,000 after buying an additional 113 shares in the last quarter. Abich Financial Wealth Management LLC acquired a new stake in shares of iShares MSCI USA Momentum Factor ETF during the 2nd quarter valued at approximately $33,000. Signaturefd LLC lifted its stake in iShares MSCI USA Momentum Factor ETF by 1,550.0% during the third quarter. Signaturefd LLC now owns 165 shares of the company’s stock worth $33,000 after purchasing an additional 155 shares during the last quarter. Wellington Shields & Co. LLC acquired a new position in iShares MSCI USA Momentum Factor ETF in the first quarter worth $42,000. Finally, Capital Performance Advisors LLP acquired a new position in iShares MSCI USA Momentum Factor ETF in the third quarter worth $43,000.

iShares MSCI USA Momentum Factor ETF Stock Performance

iShares MSCI USA Momentum Factor ETF stock opened at $214.93 on Friday. iShares MSCI USA Momentum Factor ETF has a 1 year low of $81.37 and a 1 year high of $113.60. The firm’s 50-day moving average is $205.64 and its 200-day moving average is $196.35. The company has a market cap of $11.64 billion, a P/E 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.