Brown Miller Wealth Management LLC Makes New Investment in iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

Brown Miller Wealth Management LLC bought a new stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 2,038 shares of the company’s stock, valued at approximately $320,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Good Life Advisors LLC increased its stake in shares of iShares MSCI USA Momentum Factor ETF by 6.9% in the fourth quarter. Good Life Advisors LLC now owns 2,421 shares of the company’s stock worth $380,000 after purchasing an additional 156 shares in the last quarter. Successful Portfolios LLC purchased a new stake in iShares MSCI USA Momentum Factor ETF in the 4th quarter worth $222,000. Hill Island Financial LLC bought a new stake in iShares MSCI USA Momentum Factor ETF during the fourth quarter valued at about $217,000. Professional Financial Advisors LLC lifted its position in shares of iShares MSCI USA Momentum Factor ETF by 0.9% in the fourth quarter. Professional Financial Advisors LLC now owns 25,085 shares of the company’s stock valued at $3,936,000 after acquiring an additional 213 shares in the last quarter. Finally, Planned Solutions Inc. bought a new position in shares of iShares MSCI USA Momentum Factor ETF in the fourth quarter worth about $840,000.

iShares MSCI USA Momentum Factor ETF Stock Performance

Shares of MTUM traded down $0.37 during midday trading on Thursday, hitting $187.35. 2,149,897 shares of the company traded hands. iShares MSCI USA Momentum Factor ETF has a 52 week low of $81.37 and a 52 week high of $113.60. The firm has a 50 day moving average of $178.86 and a 200-day moving average of $158.57. The stock has a market cap of $11.65 billion, a price-to-earnings ratio of 19.35 and a beta of 0.91.

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.