Transce3nd LLC Purchases New Stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

Transce3nd LLC acquired a new position in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 1,373 shares of the company’s stock, valued at approximately $284,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Thurston Springer Miller Herd & Titak Inc. boosted its stake in shares of 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 purchasing an additional 188 shares in the last quarter. AdvisorNet Financial Inc boosted its position 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 buying an additional 74 shares in the last quarter. Vontobel Holding Ltd. bought a new stake in shares of iShares MSCI USA Momentum Factor ETF during the fourth quarter worth $432,000. Kingsview Wealth Management LLC increased its holdings in shares of iShares MSCI USA Momentum Factor ETF by 17.9% during the fourth quarter. Kingsview Wealth Management LLC now owns 1,330 shares of the company’s stock worth $275,000 after buying an additional 202 shares in the last quarter. Finally, Summit X LLC increased its holdings in iShares MSCI USA Momentum Factor ETF by 1,416.6% in the 4th quarter. Summit X LLC now owns 22,142 shares of the company’s stock worth $4,582,000 after purchasing an additional 20,682 shares in the last quarter.

iShares MSCI USA Momentum Factor ETF Trading Down 6.6 %

Shares of MTUM stock opened at $195.26 on Monday. The firm has a market capitalization of $13.48 billion, a price-to-earnings ratio of 26.98 and a beta of 1.00. The business’s 50-day moving average price is $205.86 and its 200-day moving average price is $209.79. iShares MSCI USA Momentum Factor ETF has a 12 month low of $168.49 and a 12 month high of $229.77.

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.