Apollon Wealth Management LLC Boosts Stock Position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

Apollon Wealth Management LLC grew its position in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 61.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 12,547 shares of the company’s stock after purchasing an additional 4,778 shares during the quarter. Apollon Wealth Management LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $2,596,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of MTUM. Realta Investment Advisors bought a new position in iShares MSCI USA Momentum Factor ETF during the fourth quarter valued at approximately $49,000. Golden State Wealth Management LLC purchased a new stake in shares of iShares MSCI USA Momentum Factor ETF in the 4th quarter valued at $970,000. Fairvoy Private Wealth LLC purchased a new stake in shares of iShares MSCI USA Momentum Factor ETF in the 4th quarter valued at $453,000. Keystone Financial Group Inc. bought a new position in shares of iShares MSCI USA Momentum Factor ETF during the 4th quarter valued at $584,000. Finally, Strategic Financial Concepts LLC purchased a new position in iShares MSCI USA Momentum Factor ETF in the 4th quarter worth $15,263,000.

iShares MSCI USA Momentum Factor ETF Stock Up 7.6 %

BATS MTUM opened at $224.81 on Monday. The company has a 50-day simple moving average of $214.13 and a two-hundred day simple moving average of $204.97. 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 $12.17 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.