Commonwealth Retirement Investments LLC Invests $594,000 in iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

Commonwealth Retirement Investments LLC acquired a new stake in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 2,870 shares of the company’s stock, valued at approximately $594,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Assetmark Inc. raised its position in shares of iShares MSCI USA Momentum Factor ETF by 4.5% during the 3rd quarter. Assetmark Inc. now owns 1,692,983 shares of the company’s stock valued at $343,269,000 after buying an additional 72,891 shares in the last quarter. Blue Trust Inc. grew its position in iShares MSCI USA Momentum Factor ETF by 7.2% in the fourth quarter. Blue Trust Inc. now owns 1,225,308 shares of the company’s stock worth $253,541,000 after acquiring an additional 81,918 shares in the last quarter. Cerity Partners LLC increased its stake in iShares MSCI USA Momentum Factor ETF by 2.5% in the third quarter. Cerity Partners LLC now owns 1,073,907 shares of the company’s stock valued at $217,745,000 after acquiring an additional 26,235 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its position in iShares MSCI USA Momentum Factor ETF by 3.7% during the fourth quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 995,986 shares of the company’s stock valued at $206,089,000 after purchasing an additional 35,468 shares in the last quarter. Finally, FMR LLC lifted its stake in iShares MSCI USA Momentum Factor ETF by 12.2% during the third quarter. FMR LLC now owns 674,367 shares of the company’s stock worth $136,735,000 after purchasing an additional 73,442 shares during the last quarter.

iShares MSCI USA Momentum Factor ETF Trading Up 4.1 %

MTUM opened at $217.53 on Tuesday. The stock has a market capitalization of $15.61 billion, a P/E ratio of 28.87 and a beta of 0.98. The stock has a 50-day moving average price of $216.56 and a 200-day moving average price of $208.15. 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.