Focus Financial Network Inc. Boosts Holdings in iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

Focus Financial Network Inc. lifted its holdings in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 7.2% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 8,656 shares of the company’s stock after purchasing an additional 578 shares during the period. Focus Financial Network Inc.’s holdings in iShares MSCI USA Momentum Factor ETF were worth $1,750,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in MTUM. Envestnet Asset Management Inc. boosted its holdings in iShares MSCI USA Momentum Factor ETF by 58.5% in the fourth quarter. Envestnet Asset Management Inc. now owns 12,608,593 shares of the company’s stock valued at $2,608,970,000 after purchasing an additional 4,651,707 shares during the period. Raymond James Financial Inc. purchased a new position in shares of iShares MSCI USA Momentum Factor ETF in the 4th quarter valued at about $574,824,000. LPL Financial LLC grew its position in shares of iShares MSCI USA Momentum Factor ETF by 215.4% during the fourth quarter. LPL Financial LLC now owns 1,954,637 shares of the company’s stock worth $404,454,000 after buying an additional 1,334,851 shares in the last quarter. Assetmark Inc. increased its stake in shares of iShares MSCI USA Momentum Factor ETF by 3.4% during the fourth quarter. Assetmark Inc. now owns 1,750,905 shares of the company’s stock worth $362,297,000 after buying an additional 57,922 shares during the period. Finally, Bank of America Corp DE increased its stake in shares of iShares MSCI USA Momentum Factor ETF by 25.2% during the fourth quarter. Bank of America Corp DE now owns 1,528,601 shares of the company’s stock worth $316,298,000 after buying an additional 308,078 shares during the period.

iShares MSCI USA Momentum Factor ETF Stock Up 11.2%

Shares of iShares MSCI USA Momentum Factor ETF stock opened at $232.36 on Thursday. The company has a market capitalization of $17.03 billion, a P/E ratio of 28.96 and a beta of 1.02. The company has a 50 day moving average of $214.78 and a 200 day moving average of $213.45. iShares MSCI USA Momentum Factor ETF has a 52-week low of $168.49 and a 52-week high of $234.78.

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.