iShares MSCI USA Momentum Factor ETF $MTUM Shares Purchased by State of Michigan Retirement System

State of Michigan Retirement System grew its stake in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 4.1% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 1,340,090 shares of the company’s stock after acquiring an additional 52,800 shares during the quarter. iShares MSCI USA Momentum Factor ETF comprises about 1.7% of State of Michigan Retirement System’s portfolio, making the stock its 9th biggest holding. State of Michigan Retirement System owned approximately 1.84% of iShares MSCI USA Momentum Factor ETF worth $321,608,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Braun Bostich & Associates Inc. increased its stake in shares of iShares MSCI USA Momentum Factor ETF by 63.4% in the 4th 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 buying an additional 7,960 shares during the last quarter. Cypress Wealth Services LLC lifted its position in shares of 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 worth $3,698,000 after buying an additional 5,740 shares during the last quarter. Flagship Capital Management Inc. acquired a new stake in iShares MSCI USA Momentum Factor ETF in the fourth quarter valued at about $1,779,000. Finally, Assetmark Inc. boosted its stake in iShares MSCI USA Momentum Factor ETF by 2.5% in the fourth 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 in the last quarter.

iShares MSCI USA Momentum Factor ETF Stock Down 2.2%

iShares MSCI USA Momentum Factor ETF stock opened at $314.63 on Tuesday. The stock has a market cap of $22.97 billion, a PE 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. The business’s 50-day moving average price is $316.41 and its two-hundred day moving average price is $276.75.

iShares MSCI USA Momentum Factor ETF Company 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.