Foundations Investment Advisors LLC Acquires 159,916 Shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

Foundations Investment Advisors LLC grew its position in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 245.6% in the 4th quarter, Holdings Channel reports. The firm owned 225,033 shares of the company’s stock after acquiring an additional 159,916 shares during the quarter. iShares MSCI USA Momentum Factor ETF accounts for about 0.9% of Foundations Investment Advisors LLC’s portfolio, making the stock its 24th largest holding. Foundations Investment Advisors LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $46,564,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in the company. Bank of Montreal Can increased its stake in shares of iShares MSCI USA Momentum Factor ETF by 91.7% in the 2nd quarter. Bank of Montreal Can now owns 2,573 shares of the company’s stock valued at $502,000 after acquiring an additional 1,231 shares in the last quarter. Marshall Wace LLP increased its stake in shares of iShares MSCI USA Momentum Factor ETF by 253.6% in the 2nd quarter. Marshall Wace LLP now owns 24,753 shares of the company’s stock valued at $4,824,000 after acquiring an additional 17,753 shares in the last quarter. AQR Capital Management LLC acquired a new stake in iShares MSCI USA Momentum Factor ETF in the 2nd quarter valued at $253,000. Forefront Analytics LLC grew its position in iShares MSCI USA Momentum Factor ETF by 1.0% in the 2nd quarter. Forefront Analytics LLC now owns 35,342 shares of the company’s stock valued at $6,888,000 after purchasing an additional 338 shares during the period. Finally, Magnolia Capital Advisors LLC grew its position in iShares MSCI USA Momentum Factor ETF by 293.2% in the 2nd quarter. Magnolia Capital Advisors LLC now owns 24,842 shares of the company’s stock valued at $4,841,000 after purchasing an additional 18,524 shares during the period.

iShares MSCI USA Momentum Factor ETF Trading Up 3.1 %

BATS MTUM opened at $215.37 on Monday. The company has a fifty 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 12-month low of $81.37 and a 12-month high of $113.60. The company has a market cap of $11.66 billion, a P/E ratio of 18.53 and a beta of 1.10.

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.