12,839 Shares in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) Acquired by Cobblestone Asset Management LLC

Cobblestone Asset Management LLC purchased a new position in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) in the 4th quarter, HoldingsChannel reports. The firm purchased 12,839 shares of the company’s stock, valued at approximately $2,657,000. iShares MSCI USA Momentum Factor ETF accounts for about 1.7% of Cobblestone Asset Management LLC’s portfolio, making the stock its 18th biggest holding.

A number of other institutional investors also recently modified their holdings of MTUM. Fortitude Family Office LLC grew its position in shares of iShares MSCI USA Momentum Factor ETF by 1,255.6% during the 3rd quarter. Fortitude Family Office LLC now owns 122 shares of the company’s stock worth $25,000 after buying an additional 113 shares during the period. Signaturefd LLC grew its holdings in iShares MSCI USA Momentum Factor ETF by 1,550.0% in the third quarter. Signaturefd LLC now owns 165 shares of the company’s stock worth $33,000 after purchasing an additional 155 shares during the period. Thurston Springer Miller Herd & Titak Inc. increased its stake in iShares MSCI USA Momentum Factor ETF by 1,880.0% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 198 shares of the company’s stock valued at $41,000 after purchasing an additional 188 shares in the last quarter. Capital Performance Advisors LLP acquired a new position in shares of iShares MSCI USA Momentum Factor ETF during the third quarter valued at about $43,000. Finally, AdvisorNet Financial Inc boosted its position in shares of iShares MSCI USA Momentum Factor ETF by 51.4% during the 4th quarter. AdvisorNet Financial Inc now owns 218 shares of the company’s stock worth $45,000 after purchasing an additional 74 shares in the last quarter.

iShares MSCI USA Momentum Factor ETF Price Performance

Shares of iShares MSCI USA Momentum Factor ETF stock opened at $222.97 on Monday. The business has a 50-day simple moving average of $212.86 and a 200 day simple moving average of $203.35. iShares MSCI USA Momentum Factor ETF has a one year low of $81.37 and a one year high of $113.60. The firm has a market capitalization of $12.07 billion, a price-to-earnings 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.