Janney Montgomery Scott LLC Acquires 28,887 Shares of iShares MSCI USA Momentum Factor ETF $MTUM

Janney Montgomery Scott LLC lifted its holdings in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 5.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 601,408 shares of the company’s stock after purchasing an additional 28,887 shares during the period. Janney Montgomery Scott LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $144,332,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Braun Bostich & Associates Inc. grew its position in shares of iShares MSCI USA Momentum Factor ETF by 63.4% in the fourth quarter. Braun Bostich & Associates Inc. now owns 11,497 shares of the company’s stock valued at $2,878,000 after purchasing an additional 4,463 shares during the last quarter. BCGM Wealth Management LLC lifted its position in shares of iShares MSCI USA Momentum Factor ETF by 45.0% during the 4th quarter. BCGM Wealth Management LLC now owns 25,663 shares of the company’s stock worth $6,424,000 after purchasing an additional 7,960 shares during the last quarter. Cypress Wealth Services LLC boosted its stake in iShares MSCI USA Momentum Factor ETF by 63.6% during the 4th quarter. Cypress Wealth Services LLC now owns 14,772 shares of the company’s stock valued at $3,698,000 after purchasing an additional 5,740 shares during the period. Flagship Capital Management Inc. acquired a new stake in iShares MSCI USA Momentum Factor ETF in the 4th quarter valued at approximately $1,779,000. Finally, Assetmark Inc. grew its holdings in iShares MSCI USA Momentum Factor ETF by 2.5% in the 4th quarter. Assetmark Inc. now owns 1,502,409 shares of the company’s stock valued at $376,068,000 after buying an additional 37,278 shares during the last quarter.

iShares MSCI USA Momentum Factor ETF Stock Down 4.0%

Shares of BATS MTUM opened at $325.74 on Friday. The business’s 50 day moving average is $306.31 and its two-hundred day moving average is $271.07. The company has a market cap of $23.78 billion, a P/E ratio of 28.67 and a beta of 1.02. iShares MSCI USA Momentum Factor ETF has a 12 month low of $229.42 and a 12 month high of $345.59.

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