Foster Group Inc. Has $98.60 Million Stake in iShares MSCI USA Momentum Factor ETF $MTUM

Foster Group Inc. lowered its position in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 9.5% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 287,607 shares of the company’s stock after selling 30,153 shares during the quarter. iShares MSCI USA Momentum Factor ETF makes up about 2.6% of Foster Group Inc.’s investment portfolio, making the stock its 12th largest position. Foster Group Inc. owned approximately 0.39% of iShares MSCI USA Momentum Factor ETF worth $98,600,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Mercer Global Advisors Inc. ADV raised its stake in shares of iShares MSCI USA Momentum Factor ETF by 3.0% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 7,824,890 shares of the company’s stock worth $1,958,649,000 after buying an additional 229,850 shares during the last quarter. LPL Financial LLC grew its holdings in iShares MSCI USA Momentum Factor ETF by 24.7% during the 4th quarter. LPL Financial LLC now owns 3,291,857 shares of the company’s stock worth $823,985,000 after acquiring an additional 652,414 shares during the period. Raymond James Financial Inc. grew its holdings in iShares MSCI USA Momentum Factor ETF by 5.0% during the 4th quarter. Raymond James Financial Inc. now owns 3,215,974 shares of the company’s stock worth $804,990,000 after acquiring an additional 152,723 shares during the period. Corient Private Wealth LLC raised its position in shares of iShares MSCI USA Momentum Factor ETF by 185.9% during the 4th quarter. Corient Private Wealth LLC now owns 2,048,917 shares of the company’s stock valued at $512,864,000 after acquiring an additional 1,332,181 shares during the last quarter. Finally, Assetmark Inc. raised its position in shares of iShares MSCI USA Momentum Factor ETF by 2.5% during the 4th quarter. Assetmark Inc. now owns 1,502,409 shares of the company’s stock valued at $376,068,000 after acquiring an additional 37,278 shares during the last quarter.

iShares MSCI USA Momentum Factor ETF Stock Down 1.1%

BATS:MTUM opened at $309.98 on Thursday. iShares MSCI USA Momentum Factor ETF has a 12-month low of $229.42 and a 12-month high of $345.59. The firm has a market capitalization of $22.63 billion, a P/E ratio of 28.67 and a beta of 1.02. The stock’s fifty day simple moving average is $317.62 and its 200-day simple moving average is $282.77.

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.