World Investment Advisors Acquires 20,416 Shares of iShares MSCI USA Momentum Factor ETF $MTUM

World Investment Advisors raised its holdings in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 178.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 31,860 shares of the company’s stock after acquiring an additional 20,416 shares during the quarter. World Investment Advisors’ holdings in iShares MSCI USA Momentum Factor ETF were worth $7,975,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. Dagco Inc. bought a new position in shares of iShares MSCI USA Momentum Factor ETF during the 4th quarter valued at $25,000. Triumph Capital Management acquired a new stake in shares of iShares MSCI USA Momentum Factor ETF in the 3rd quarter valued at $25,000. Cary Street Partners Financial LLC bought a new stake in iShares MSCI USA Momentum Factor ETF in the fourth quarter worth $25,000. Eagle Bay Advisors LLC acquired a new position in iShares MSCI USA Momentum Factor ETF during the fourth quarter worth $26,000. Finally, Financial Network Wealth Advisors LLC raised its holdings in iShares MSCI USA Momentum Factor ETF by 176.3% during the fourth quarter. Financial Network Wealth Advisors LLC now owns 105 shares of the company’s stock valued at $26,000 after buying an additional 67 shares in the last quarter.

iShares MSCI USA Momentum Factor ETF Price Performance

Shares of BATS:MTUM opened at $306.66 on Tuesday. The stock has a market capitalization of $22.39 billion, a P/E ratio of 28.67 and a beta of 1.02. The business has a 50-day moving average of $259.93 and a two-hundred day moving average of $254.96. iShares MSCI USA Momentum Factor ETF has a fifty-two week low of $220.89 and a fifty-two week high of $307.86.

About iShares MSCI USA Momentum Factor ETF

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. MTUM was launched on Apr 16, 2013 and is managed by BlackRock.