iShares MSCI USA Momentum Factor ETF $MTUM Shares Acquired by First Horizon Advisors Inc.

First Horizon Advisors Inc. raised its stake in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 5.3% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 36,401 shares of the company’s stock after acquiring an additional 1,844 shares during the period. First Horizon Advisors Inc.’s holdings in iShares MSCI USA Momentum Factor ETF were worth $8,748,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in MTUM. Bison Wealth LLC increased its holdings in iShares MSCI USA Momentum Factor ETF by 4.4% in the 4th quarter. Bison Wealth LLC now owns 3,148 shares of the company’s stock valued at $651,000 after purchasing an additional 133 shares during the last quarter. Bank of New York Mellon Corp grew its stake in shares of iShares MSCI USA Momentum Factor ETF by 5.8% in the first quarter. Bank of New York Mellon Corp now owns 215,086 shares of the company’s stock valued at $43,475,000 after buying an additional 11,729 shares in the last quarter. M&T Bank Corp grew its stake in shares of iShares MSCI USA Momentum Factor ETF by 18.3% in the first quarter. M&T Bank Corp now owns 77,623 shares of the company’s stock valued at $15,690,000 after buying an additional 12,001 shares in the last quarter. Cornerstone Planning Group LLC grew 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 buying an additional 87 shares in the last quarter. Finally, Axxcess Wealth Management LLC grew its position in iShares MSCI USA Momentum Factor ETF by 55.1% in the 1st quarter. Axxcess Wealth Management LLC now owns 2,850 shares of the company’s stock valued at $576,000 after acquiring an additional 1,013 shares in the last quarter.

iShares MSCI USA Momentum Factor ETF Price Performance

BATS MTUM opened at $250.11 on Thursday. The company has a market cap of $18.26 billion, a P/E ratio of 28.67 and a beta of 1.02. The stock has a 50-day moving average of $252.71 and a two-hundred day moving average of $239.30. iShares MSCI USA Momentum Factor ETF has a 1-year low of $168.49 and a 1-year 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.