Stonebrook Private Inc. Invests $257,000 in iShares MSCI USA Momentum Factor ETF $MTUM

Stonebrook Private Inc. acquired a new stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 1,070 shares of the company’s stock, valued at approximately $257,000.

A number of other large investors also recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. raised its stake in iShares MSCI USA Momentum Factor ETF by 9.5% in the 2nd quarter. Envestnet Asset Management Inc. now owns 12,639,702 shares of the company’s stock valued at $3,037,545,000 after purchasing an additional 1,094,104 shares during the last quarter. Mullooly Asset Management Inc. acquired a new position in shares of iShares MSCI USA Momentum Factor ETF in the 1st quarter valued at about $2,162,511,000. Raymond James Financial Inc. boosted its stake in iShares MSCI USA Momentum Factor ETF by 5.5% during the 1st quarter. Raymond James Financial Inc. now owns 2,929,874 shares of the company’s stock valued at $592,215,000 after purchasing an additional 151,872 shares during the period. LPL Financial LLC boosted its position in shares of iShares MSCI USA Momentum Factor ETF by 0.3% during the 1st quarter. LPL Financial LLC now owns 1,960,110 shares of the company’s stock valued at $396,197,000 after acquiring an additional 5,473 shares in the last quarter. Finally, Assetmark Inc. increased its stake in shares of iShares MSCI USA Momentum Factor ETF by 2.4% in the second quarter. Assetmark Inc. now owns 1,855,684 shares of the company’s stock valued at $445,958,000 after buying an additional 42,864 shares in the last quarter.

iShares MSCI USA Momentum Factor ETF Trading Up 16.3%

Shares of MTUM opened at $242.97 on Thursday. The company’s fifty day simple moving average is $252.98 and its 200 day simple moving average is $242.23. iShares MSCI USA Momentum Factor ETF has a 1-year low of $168.49 and a 1-year high of $240.99. The company has a market cap of $17.74 billion, a price-to-earnings 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.