Avidian Wealth Solutions LLC Has $1.24 Million Stock Position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

Avidian Wealth Solutions LLC lessened its position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 21.9% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 7,883 shares of the company’s stock after selling 2,216 shares during the period. Avidian Wealth Solutions LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $1,237,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the company. Baker Avenue Asset Management LP boosted its holdings in iShares MSCI USA Momentum Factor ETF by 46.8% during the third quarter. Baker Avenue Asset Management LP now owns 279 shares of the company’s stock worth $39,000 after purchasing an additional 89 shares during the last quarter. Sound Income Strategies LLC grew its position in shares of iShares MSCI USA Momentum Factor ETF by 281.5% during the 4th quarter. Sound Income Strategies LLC now owns 248 shares of the company’s stock valued at $39,000 after acquiring an additional 183 shares during the period. BluePath Capital Management LLC purchased a new stake in shares of iShares MSCI USA Momentum Factor ETF during the 3rd quarter worth approximately $41,000. Provence Wealth Management Group bought a new stake in shares of iShares MSCI USA Momentum Factor ETF in the 3rd quarter worth approximately $54,000. Finally, Signature Resources Capital Management LLC purchased a new position in iShares MSCI USA Momentum Factor ETF in the fourth quarter valued at approximately $74,000.

iShares MSCI USA Momentum Factor ETF Trading Up 1.6 %

Shares of MTUM stock traded up $2.89 on Friday, hitting $180.10. 949,531 shares of the stock were exchanged. iShares MSCI USA Momentum Factor ETF has a one year low of $81.37 and a one year high of $113.60. The firm’s 50 day moving average is $183.47 and its two-hundred day moving average is $166.12. The firm has a market capitalization of $9.75 billion, a PE 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.