Sheaff Brock Investment Advisors LLC Grows Holdings in iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

Sheaff Brock Investment Advisors LLC increased its stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 2.6% in the fourth quarter, Holdings Channel reports. The institutional investor owned 6,975 shares of the company’s stock after acquiring an additional 178 shares during the quarter. Sheaff Brock Investment Advisors LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $1,443,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Exchange Traded Concepts LLC bought a new stake in shares of iShares MSCI USA Momentum Factor ETF in the 3rd quarter worth about $78,000. Bfsg LLC acquired a new position in iShares MSCI USA Momentum Factor ETF in the third quarter worth about $56,000. Stratos Wealth Advisors LLC increased its holdings in iShares MSCI USA Momentum Factor ETF by 33.9% in the third quarter. Stratos Wealth Advisors LLC now owns 7,912 shares of the company’s stock valued at $1,604,000 after buying an additional 2,001 shares during the last quarter. Trilogy Capital Inc. raised its stake in iShares MSCI USA Momentum Factor ETF by 2.6% during the third quarter. Trilogy Capital Inc. now owns 289,314 shares of the company’s stock valued at $58,661,000 after buying an additional 7,343 shares in the last quarter. Finally, Marino Stram & Associates LLC lifted its holdings in iShares MSCI USA Momentum Factor ETF by 1.6% during the 3rd quarter. Marino Stram & Associates LLC now owns 5,718 shares of the company’s stock worth $1,159,000 after buying an additional 91 shares during the last quarter.

iShares MSCI USA Momentum Factor ETF Trading Up 9.3 %

Shares of MTUM opened at $228.40 on Friday. iShares MSCI USA Momentum Factor ETF has a 52 week low of $81.37 and a 52 week high of $113.60. The firm has a market cap of $12.37 billion, a price-to-earnings ratio of 18.53 and a beta of 1.10. The stock has a 50 day moving average of $215.19 and a 200-day moving average of $206.38.

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.