Atlas Capital Advisors Inc. Buys New Shares in iShares MSCI USA Momentum Factor ETF $MTUM

Atlas Capital Advisors Inc. bought a new stake in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) during the fourth quarter, Holdings Channel reports. The institutional investor bought 25,716 shares of the company’s stock, valued at approximately $6,437,000.

A number of other institutional investors also recently modified their holdings of the stock. Caliber Wealth Management LLC KS lifted its position in shares of iShares MSCI USA Momentum Factor ETF by 0.4% during the 4th quarter. Caliber Wealth Management LLC KS now owns 9,680 shares of the company’s stock valued at $2,423,000 after acquiring an additional 39 shares during the period. Traction Financial Partners LLC raised its holdings in iShares MSCI USA Momentum Factor ETF by 3.4% during the fourth quarter. Traction Financial Partners LLC now owns 1,206 shares of the company’s stock worth $302,000 after buying an additional 40 shares during the last quarter. Lunt Capital Management Inc. raised its holdings in iShares MSCI USA Momentum Factor ETF by 3.0% during the fourth quarter. Lunt Capital Management Inc. now owns 1,500 shares of the company’s stock worth $375,000 after buying an additional 43 shares during the last quarter. Venturi Wealth Management LLC raised its holdings in iShares MSCI USA Momentum Factor ETF by 1.2% during the fourth quarter. Venturi Wealth Management LLC now owns 3,942 shares of the company’s stock worth $987,000 after buying an additional 45 shares during the last quarter. Finally, Mutual Advisors LLC raised its holdings in iShares MSCI USA Momentum Factor ETF by 0.8% during the fourth quarter. Mutual Advisors LLC now owns 5,728 shares of the company’s stock worth $1,434,000 after buying an additional 45 shares during the last quarter.

iShares MSCI USA Momentum Factor ETF Trading Up 1.7%

MTUM opened at $324.40 on Friday. The company’s fifty day moving average price is $291.25 and its two-hundred day moving average price is $265.12. iShares MSCI USA Momentum Factor ETF has a 1-year low of $229.42 and a 1-year high of $331.49. The company has a market cap of $23.68 billion, a price-to-earnings ratio of 28.67 and a beta of 1.02.

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.