International Assets Investment Management LLC Invests $17.09 Million in iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

International Assets Investment Management LLC bought a new stake in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 108,940 shares of the company’s stock, valued at approximately $17,092,000. International Assets Investment Management LLC owned about 0.18% of iShares MSCI USA Momentum Factor ETF as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of MTUM. Americana Partners LLC acquired a new stake in iShares MSCI USA Momentum Factor ETF in the fourth quarter worth about $219,000. Lodestone Wealth Management LLC grew its position in iShares MSCI USA Momentum Factor ETF by 5.6% during the 4th quarter. Lodestone Wealth Management LLC now owns 4,875 shares of the company’s stock worth $765,000 after purchasing an additional 260 shares during the last quarter. Prime Capital Investment Advisors LLC increased its stake in iShares MSCI USA Momentum Factor ETF by 8.8% during the 4th quarter. Prime Capital Investment Advisors LLC now owns 36,995 shares of the company’s stock valued at $5,804,000 after purchasing an additional 2,994 shares in the last quarter. Clear Creek Financial Management LLC raised its holdings in shares of iShares MSCI USA Momentum Factor ETF by 3.0% in the fourth quarter. Clear Creek Financial Management LLC now owns 5,125 shares of the company’s stock worth $804,000 after buying an additional 148 shares during the last quarter. Finally, Straight Path Wealth Management lifted its stake in shares of iShares MSCI USA Momentum Factor ETF by 8.8% during the fourth quarter. Straight Path Wealth Management now owns 60,393 shares of the company’s stock worth $9,475,000 after buying an additional 4,865 shares during the period.

iShares MSCI USA Momentum Factor ETF Price Performance

BATS MTUM opened at $180.10 on Friday. The company has a market cap of $9.75 billion, a price-to-earnings ratio of 18.53 and a beta of 1.10. The stock’s fifty day moving average price is $183.47 and its 200 day moving average price is $165.94. iShares MSCI USA Momentum Factor ETF has a 1 year low of $81.37 and a 1 year high of $113.60.

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.