JDM Financial Group LLC Purchases 399 Shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

JDM Financial Group LLC lifted its position in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 162.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 645 shares of the company’s stock after buying an additional 399 shares during the quarter. JDM Financial Group LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $133,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in MTUM. Duncker Streett & Co. Inc. bought a new position in shares of iShares MSCI USA Momentum Factor ETF in the 4th quarter worth $25,000. Murphy & Mullick Capital Management Corp purchased a new position in iShares MSCI USA Momentum Factor ETF in the fourth quarter valued at about $30,000. Mainstream Capital Management LLC bought a new position in iShares MSCI USA Momentum Factor ETF in the fourth quarter worth about $31,000. Operose Advisors LLC raised its holdings in iShares MSCI USA Momentum Factor ETF by 48.0% in the fourth quarter. Operose Advisors LLC now owns 188 shares of the company’s stock worth $39,000 after purchasing an additional 61 shares in the last quarter. Finally, Realta Investment Advisors purchased a new stake in shares of iShares MSCI USA Momentum Factor ETF during the fourth quarter valued at about $49,000.

iShares MSCI USA Momentum Factor ETF Stock Performance

BATS:MTUM opened at $230.05 on Wednesday. The company’s 50-day simple moving average is $205.85 and its 200-day simple moving average is $211.17. iShares MSCI USA Momentum Factor ETF has a fifty-two week low of $168.49 and a fifty-two week high of $231.39. The stock has a market capitalization of $16.77 billion, a P/E ratio of 28.96 and a beta of 1.00.

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.