Commonwealth Equity Services LLC Acquires 127,772 Shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

Commonwealth Equity Services LLC lifted its stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 62.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 333,799 shares of the company’s stock after purchasing an additional 127,772 shares during the period. Commonwealth Equity Services LLC owned about 0.62% of iShares MSCI USA Momentum Factor ETF worth $69,070,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the stock. Raymond James Financial Inc. bought a new stake in iShares MSCI USA Momentum Factor ETF during the 4th quarter valued at $574,824,000. Park Avenue Securities LLC increased its stake in shares of iShares MSCI USA Momentum Factor ETF by 1,055.4% during the fourth quarter. Park Avenue Securities LLC now owns 507,294 shares of the company’s stock valued at $104,969,000 after buying an additional 463,387 shares during the period. Janney Montgomery Scott LLC lifted its stake in iShares MSCI USA Momentum Factor ETF by 140.9% in the fourth quarter. Janney Montgomery Scott LLC now owns 425,097 shares of the company’s stock worth $87,961,000 after acquiring an additional 248,600 shares during the period. Citigroup Inc. grew its holdings in iShares MSCI USA Momentum Factor ETF by 1,266.9% during the 3rd quarter. Citigroup Inc. now owns 253,036 shares of the company’s stock worth $51,305,000 after acquiring an additional 234,524 shares in the last quarter. Finally, Sequoia Financial Advisors LLC bought a new position in iShares MSCI USA Momentum Factor ETF during the 4th quarter worth about $34,404,000.

iShares MSCI USA Momentum Factor ETF Stock Performance

BATS:MTUM opened at $196.40 on Friday. The firm has a 50-day simple moving average of $216.13 and a 200-day simple moving average of $209.51. iShares MSCI USA Momentum Factor ETF has a one year low of $168.49 and a one year high of $229.77. The firm has a market cap of $14.09 billion, a P/E ratio of 28.87 and a beta of 0.98.

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.