Independent Advisor Alliance Takes Position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

Independent Advisor Alliance purchased a new position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 8,750 shares of the company’s stock, valued at approximately $1,811,000.

Other hedge funds have also recently made changes to their positions in the company. Duncker Streett & Co. Inc. bought a new stake in iShares MSCI USA Momentum Factor ETF in the 4th quarter worth approximately $25,000. Mainstream Capital Management LLC bought a new stake in shares of iShares MSCI USA Momentum Factor ETF in the fourth quarter worth $31,000. Thurston Springer Miller Herd & Titak Inc. increased its position in iShares MSCI USA Momentum Factor ETF by 1,880.0% during the fourth 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 last quarter. AdvisorNet Financial Inc lifted its holdings in iShares MSCI USA Momentum Factor ETF by 51.4% in the fourth quarter. AdvisorNet Financial Inc now owns 218 shares of the company’s stock valued at $45,000 after acquiring an additional 74 shares during the period. Finally, Realta Investment Advisors purchased a new position in iShares MSCI USA Momentum Factor ETF in the fourth quarter worth about $49,000.

iShares MSCI USA Momentum Factor ETF Stock Down 6.0 %

iShares MSCI USA Momentum Factor ETF stock opened at $196.40 on Friday. The business has a 50-day simple moving average of $216.13 and a two-hundred day simple moving average of $209.51. iShares MSCI USA Momentum Factor ETF has a 52-week low of $168.49 and a 52-week high of $229.77. The company 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.