Focus Partners Advisor Solutions LLC Increases Stock Position in iShares MSCI USA Momentum Factor ETF $MTUM

Focus Partners Advisor Solutions LLC increased its position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 8.7% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,895 shares of the company’s stock after purchasing an additional 551 shares during the quarter. Focus Partners Advisor Solutions LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $1,657,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Cullen Frost Bankers Inc. purchased a new position in shares of iShares MSCI USA Momentum Factor ETF in the first quarter valued at $26,000. Compass Wealth Management LLC purchased a new position in shares of iShares MSCI USA Momentum Factor ETF in the first quarter valued at $30,000. Cornerstone Planning Group LLC boosted its stake in shares of iShares MSCI USA Momentum Factor ETF by 140.3% in the first quarter. Cornerstone Planning Group LLC now owns 149 shares of the company’s stock valued at $30,000 after purchasing an additional 87 shares during the period. Harbor Investment Advisory LLC boosted its stake in shares of iShares MSCI USA Momentum Factor ETF by 262.2% in the second quarter. Harbor Investment Advisory LLC now owns 163 shares of the company’s stock valued at $39,000 after purchasing an additional 118 shares during the period. Finally, GAMMA Investing LLC raised its holdings in iShares MSCI USA Momentum Factor ETF by 45.0% in the second quarter. GAMMA Investing LLC now owns 216 shares of the company’s stock valued at $52,000 after acquiring an additional 67 shares in the last quarter.

iShares MSCI USA Momentum Factor ETF Price Performance

MTUM opened at $255.50 on Monday. The stock has a market capitalization of $18.65 billion, a PE ratio of 28.67 and a beta of 1.02. The firm’s fifty day moving average price is $250.97 and its 200 day moving average price is $236.08. iShares MSCI USA Momentum Factor ETF has a 12-month low of $168.49 and a 12-month high of $240.99.

iShares MSCI USA Momentum Factor ETF Company Profile

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.