D Orazio & Associates Inc. Takes $2.81 Million Position in iShares MSCI USA Momentum Factor ETF $MTUM

D Orazio & Associates Inc. purchased a new stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) during the 2nd quarter, HoldingsChannel.com reports. The firm purchased 11,692 shares of the company’s stock, valued at approximately $2,810,000. iShares MSCI USA Momentum Factor ETF comprises about 0.4% of D Orazio & Associates Inc.’s holdings, making the stock its 26th biggest position.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in MTUM. Bison Wealth LLC lifted its position in iShares MSCI USA Momentum Factor ETF by 4.4% during 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 period. Edgestream Partners L.P. raised its stake in shares of iShares MSCI USA Momentum Factor ETF by 32.5% during the first quarter. Edgestream Partners L.P. now owns 1,594 shares of the company’s stock worth $322,000 after buying an additional 391 shares during the last quarter. Wealthfront Advisers LLC lifted its holdings in iShares MSCI USA Momentum Factor ETF by 69.3% in the first quarter. Wealthfront Advisers LLC now owns 2,120 shares of the company’s stock valued at $429,000 after buying an additional 868 shares during the period. Larson Financial Group LLC boosted its stake in iShares MSCI USA Momentum Factor ETF by 4.2% in the first quarter. Larson Financial Group LLC now owns 1,503 shares of the company’s stock valued at $304,000 after acquiring an additional 61 shares during the last quarter. Finally, Cullen Frost Bankers Inc. acquired a new stake in iShares MSCI USA Momentum Factor ETF during the 1st quarter worth $26,000.

iShares MSCI USA Momentum Factor ETF Stock Up 20.3%

MTUM stock opened at $251.34 on Thursday. iShares MSCI USA Momentum Factor ETF has a twelve month low of $168.49 and a twelve month high of $240.99. The company has a market cap of $18.35 billion, a P/E ratio of 28.67 and a beta of 1.02. The business’s fifty day moving average is $253.34 and its 200-day moving average is $241.06.

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.