Mainstream Capital Management LLC Invests $31,000 in iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

Mainstream Capital Management LLC purchased a new stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) in the fourth quarter, Holdings Channel.com reports. The fund purchased 150 shares of the company’s stock, valued at approximately $31,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in MTUM. Duncker Streett & Co. Inc. acquired a new position in iShares MSCI USA Momentum Factor ETF during the fourth quarter worth about $25,000. Thurston Springer Miller Herd & Titak Inc. boosted its stake in shares of iShares MSCI USA Momentum Factor ETF by 1,880.0% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 198 shares of the company’s stock worth $41,000 after acquiring an additional 188 shares in the last quarter. Capital Performance Advisors LLP acquired a new stake in shares of iShares MSCI USA Momentum Factor ETF in the 3rd quarter worth approximately $43,000. AdvisorNet Financial Inc increased its stake in iShares MSCI USA Momentum Factor ETF by 51.4% in the 4th 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. Finally, Realta Investment Advisors acquired a new position in iShares MSCI USA Momentum Factor ETF during the fourth quarter worth $49,000.

iShares MSCI USA Momentum Factor ETF Stock Performance

iShares MSCI USA Momentum Factor ETF stock opened at $209.81 on Wednesday. iShares MSCI USA Momentum Factor ETF has a fifty-two week low of $168.49 and a fifty-two week high of $229.77. The firm has a market capitalization of $15.05 billion, a price-to-earnings ratio of 28.87 and a beta of 0.98. The stock’s fifty day moving average is $217.33 and its two-hundred day moving average is $209.47.

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.