iShares MSCI USA Momentum Factor ETF $MTUM Shares Purchased by D.A. Davidson & CO.

D.A. Davidson & CO. boosted its stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 148.4% during the second quarter, Holdings Channel.com reports. The fund owned 25,600 shares of the company’s stock after purchasing an additional 15,293 shares during the quarter. D.A. Davidson & CO.’s holdings in iShares MSCI USA Momentum Factor ETF were worth $6,152,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in MTUM. Cullen Frost Bankers Inc. purchased a new position in iShares MSCI USA Momentum Factor ETF in the 1st quarter valued at $26,000. Compass Wealth Management LLC purchased a new position in iShares MSCI USA Momentum Factor ETF in the 1st quarter valued at $30,000. Cornerstone Planning Group LLC lifted its holdings in iShares MSCI USA Momentum Factor ETF by 140.3% in the 1st quarter. Cornerstone Planning Group LLC now owns 149 shares of the company’s stock valued at $30,000 after purchasing an additional 87 shares in the last quarter. Harbor Investment Advisory LLC lifted its holdings in iShares MSCI USA Momentum Factor ETF by 262.2% in the 2nd quarter. Harbor Investment Advisory LLC now owns 163 shares of the company’s stock valued at $39,000 after purchasing an additional 118 shares in the last quarter. Finally, GAMMA Investing LLC lifted its holdings in iShares MSCI USA Momentum Factor ETF by 45.0% in the 2nd quarter. GAMMA Investing LLC now owns 216 shares of the company’s stock valued at $52,000 after purchasing an additional 67 shares in the last quarter.

iShares MSCI USA Momentum Factor ETF Stock Performance

Shares of MTUM stock opened at $253.00 on Friday. The stock’s fifty day moving average is $250.75 and its two-hundred day moving average is $234.94. The firm has a market capitalization of $18.47 billion, a P/E ratio of 28.67 and a beta of 1.02. iShares MSCI USA Momentum Factor ETF has a fifty-two week low of $168.49 and a fifty-two week high of $240.99.

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.