Kestra Private Wealth Services LLC Purchases 36,143 Shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

Kestra Private Wealth Services LLC boosted its holdings in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 403.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 45,100 shares of the company’s stock after buying an additional 36,143 shares during the period. Kestra Private Wealth Services LLC owned about 0.08% of iShares MSCI USA Momentum Factor ETF worth $9,332,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of MTUM. Park Avenue Securities LLC grew its position in iShares MSCI USA Momentum Factor ETF by 1,055.4% in the fourth quarter. Park Avenue Securities LLC now owns 507,294 shares of the company’s stock valued at $104,969,000 after acquiring an additional 463,387 shares during the period. Janney Montgomery Scott LLC grew its holdings in shares of iShares MSCI USA Momentum Factor ETF by 140.9% in the 4th quarter. Janney Montgomery Scott LLC now owns 425,097 shares of the company’s stock worth $87,961,000 after purchasing an additional 248,600 shares during the last quarter. Citigroup Inc. grew its holdings in shares of iShares MSCI USA Momentum Factor ETF by 1,266.9% in the 3rd quarter. Citigroup Inc. now owns 253,036 shares of the company’s stock worth $51,305,000 after purchasing an additional 234,524 shares during the last quarter. Foundations Investment Advisors LLC increased its position in shares of iShares MSCI USA Momentum Factor ETF by 245.6% during the 4th quarter. Foundations Investment Advisors LLC now owns 225,033 shares of the company’s stock worth $46,564,000 after purchasing an additional 159,916 shares in the last quarter. Finally, JB Capital LLC bought a new position in iShares MSCI USA Momentum Factor ETF during the 4th quarter valued at about $32,997,000.

iShares MSCI USA Momentum Factor ETF Stock Up 7.6 %

BATS:MTUM opened at $224.81 on Monday. The firm has a market cap of $12.17 billion, a PE ratio of 18.53 and a beta of 1.10. The company’s 50-day moving average price is $214.13 and its two-hundred day moving average price is $204.97. iShares MSCI USA Momentum Factor ETF has a 12 month low of $81.37 and a 12 month 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.