Two West Capital Advisors LLC Makes New $242,000 Investment in iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

Two West Capital Advisors LLC acquired a new position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 1,168 shares of the company’s stock, valued at approximately $242,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in MTUM. Center For Asset Management LLC raised its position in shares of iShares MSCI USA Momentum Factor ETF by 4.1% during the 4th quarter. Center For Asset Management LLC now owns 6,783 shares of the company’s stock valued at $1,403,000 after purchasing an additional 267 shares during the period. Kingswood Wealth Advisors LLC lifted its position in shares of iShares MSCI USA Momentum Factor ETF by 97.6% in the fourth quarter. Kingswood Wealth Advisors LLC now owns 38,302 shares of the company’s stock valued at $7,926,000 after acquiring an additional 18,922 shares in the last quarter. Strategic Investment Advisors MI boosted its stake in shares of iShares MSCI USA Momentum Factor ETF by 4.9% in the fourth quarter. Strategic Investment Advisors MI now owns 31,808 shares of the company’s stock worth $6,582,000 after acquiring an additional 1,494 shares during the period. Armbruster Capital Management Inc. grew its position in shares of iShares MSCI USA Momentum Factor ETF by 0.6% during the fourth quarter. Armbruster Capital Management Inc. now owns 201,344 shares of the company’s stock worth $41,662,000 after purchasing an additional 1,253 shares in the last quarter. Finally, Legacy Financial Group LLC purchased a new position in iShares MSCI USA Momentum Factor ETF in the 4th quarter worth approximately $3,823,000.

iShares MSCI USA Momentum Factor ETF Price Performance

MTUM stock opened at $222.97 on Monday. iShares MSCI USA Momentum Factor ETF has a 1-year low of $81.37 and a 1-year high of $113.60. The business has a 50 day simple moving average of $212.86 and a two-hundred day simple moving average of $203.35. The company has a market capitalization of $12.07 billion, a price-to-earnings 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.