Absolute Capital Management LLC Raises Stock Holdings in iShares MSCI USA Momentum Factor ETF $MTUM

Absolute Capital Management LLC boosted its holdings in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 30.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,544 shares of the company’s stock after purchasing an additional 598 shares during the period. Absolute Capital Management LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $612,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of MTUM. Teamwork Financial Advisors LLC boosted its holdings in shares of iShares MSCI USA Momentum Factor ETF by 2.6% in the 2nd quarter. Teamwork Financial Advisors LLC now owns 1,709 shares of the company’s stock worth $411,000 after buying an additional 44 shares during the last quarter. Vantage Point Financial LLC boosted its stake in iShares MSCI USA Momentum Factor ETF by 2.2% in the second quarter. Vantage Point Financial LLC now owns 2,368 shares of the company’s stock valued at $569,000 after acquiring an additional 51 shares during the last quarter. Private Advisory Group LLC grew its position in shares of iShares MSCI USA Momentum Factor ETF by 1.3% during the 1st quarter. Private Advisory Group LLC now owns 4,530 shares of the company’s stock valued at $916,000 after acquiring an additional 57 shares during the period. Tyche Wealth Partners LLC grew its position in shares of iShares MSCI USA Momentum Factor ETF by 2.6% during the 2nd quarter. Tyche Wealth Partners LLC now owns 2,500 shares of the company’s stock valued at $601,000 after acquiring an additional 63 shares during the period. Finally, Advisory Alpha LLC increased its stake in shares of iShares MSCI USA Momentum Factor ETF by 4.9% during the 1st quarter. Advisory Alpha LLC now owns 1,439 shares of the company’s stock worth $291,000 after purchasing an additional 67 shares during the last quarter.

iShares MSCI USA Momentum Factor ETF Trading Up 16.3%

BATS:MTUM opened at $242.97 on Thursday. The firm’s 50 day moving average is $252.98 and its 200 day moving average is $242.23. iShares MSCI USA Momentum Factor ETF has a 12 month low of $168.49 and a 12 month high of $240.99. The stock has a market capitalization of $17.74 billion, a PE ratio of 28.67 and a beta of 1.02.

iShares MSCI USA Momentum Factor ETF 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.