Global Retirement Partners LLC Takes $2.61 Million Position in iShares MSCI USA Momentum Factor ETF $MTUM

Global Retirement Partners LLC bought a new position in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 10,858 shares of the company’s stock, valued at approximately $2,609,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of MTUM. Allworth Financial LP lifted its stake in shares of iShares MSCI USA Momentum Factor ETF by 88.4% in the second quarter. Allworth Financial LP now owns 18,613 shares of the company’s stock worth $4,473,000 after buying an additional 8,731 shares in the last quarter. Symmetry Partners LLC increased its stake in shares of iShares MSCI USA Momentum Factor ETF by 7.7% in the 2nd quarter. Symmetry Partners LLC now owns 220,864 shares of the company’s stock worth $53,078,000 after acquiring an additional 15,774 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in shares of iShares MSCI USA Momentum Factor ETF by 1.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 219,172 shares of the company’s stock worth $52,671,000 after acquiring an additional 4,086 shares during the period. AE Wealth Management LLC raised its holdings in shares of iShares MSCI USA Momentum Factor ETF by 3.2% during the 2nd quarter. AE Wealth Management LLC now owns 95,876 shares of the company’s stock worth $23,041,000 after acquiring an additional 3,008 shares during the period. Finally, Fortune Financial Advisors LLC boosted its position in shares of iShares MSCI USA Momentum Factor ETF by 46.2% during the 2nd quarter. Fortune Financial Advisors LLC now owns 2,029 shares of the company’s stock valued at $488,000 after acquiring an additional 641 shares during the last quarter.

iShares MSCI USA Momentum Factor ETF Trading Up 16.8%

Shares of MTUM opened at $244.20 on Wednesday. iShares MSCI USA Momentum Factor ETF has a 12-month low of $168.49 and a 12-month high of $240.99. The firm has a market capitalization of $17.83 billion, a P/E ratio of 28.67 and a beta of 1.02. The firm has a 50-day moving average price of $251.91 and a 200 day moving average price of $243.09.

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.