Cavalier Investments LLC bought a new stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM – Free Report) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor bought 29,662 shares of the company’s stock, valued at approximately $10,169,000. iShares MSCI USA Momentum Factor ETF makes up 0.4% of Cavalier Investments LLC’s portfolio, making the stock its 17th largest holding.
A number of other institutional investors have also recently made changes to their positions in the company. Cary Street Partners Financial LLC bought a new stake in iShares MSCI USA Momentum Factor ETF in the 4th quarter valued at about $25,000. Triumph Capital Management purchased a new position in shares of iShares MSCI USA Momentum Factor ETF in the third quarter worth about $25,000. Financial Network Wealth Advisors LLC increased its stake in shares of iShares MSCI USA Momentum Factor ETF by 176.3% in the fourth quarter. Financial Network Wealth Advisors LLC now owns 105 shares of the company’s stock worth $26,000 after purchasing an additional 67 shares in the last quarter. Turtle Creek Wealth Advisors LLC bought a new stake in shares of iShares MSCI USA Momentum Factor ETF in the first quarter valued at approximately $26,000. Finally, Indiana Trust & Investment Management Co purchased a new stake in shares of iShares MSCI USA Momentum Factor ETF during the 1st quarter valued at approximately $26,000.
iShares MSCI USA Momentum Factor ETF Trading Up 0.2%
iShares MSCI USA Momentum Factor ETF stock opened at $300.36 on Tuesday. The firm has a 50 day simple moving average of $312.06 and a 200 day simple moving average of $289.38. iShares MSCI USA Momentum Factor ETF has a 1-year low of $229.42 and a 1-year high of $345.59. The firm has a market capitalization of $21.93 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.
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Want to see what other hedge funds are holding MTUM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares MSCI USA Momentum Factor ETF (BATS:MTUM – Free Report).
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