Convergence Financial LLC Grows Position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

Convergence Financial LLC grew its position in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 4.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 65,906 shares of the company’s stock after purchasing an additional 2,556 shares during the quarter. iShares MSCI USA Momentum Factor ETF makes up about 2.7% of Convergence Financial LLC’s portfolio, making the stock its 11th biggest holding. Convergence Financial LLC owned 0.12% of iShares MSCI USA Momentum Factor ETF worth $13,637,000 at the end of the most recent reporting period.

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

iShares MSCI USA Momentum Factor ETF Stock Up 4.3 %

Shares of BATS MTUM opened at $218.03 on Thursday. The firm has a market cap of $15.64 billion, a price-to-earnings ratio of 28.87 and a beta of 0.98. The company’s 50-day simple moving average is $216.78 and its 200-day simple moving average is $208.69. iShares MSCI USA Momentum Factor ETF has a 52-week low of $81.37 and a 52-week high of $113.60.

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.