14,150 Shares of iShares MSCI USA Momentum Factor ETF $MTUM Purchased by Arrow Investment Advisors LLC

Arrow Investment Advisors LLC purchased a new stake in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) in the third quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 14,150 shares of the company’s stock, valued at approximately $4,490,000. iShares MSCI USA Momentum Factor ETF accounts for approximately 3.9% of Arrow Investment Advisors LLC’s portfolio, making the stock its 7th largest position.

Several other hedge funds have also bought and sold shares of MTUM. New England Private Wealth Advisors LLC grew its holdings in iShares MSCI USA Momentum Factor ETF by 0.3% in the third quarter. New England Private Wealth Advisors LLC now owns 10,339 shares of the company’s stock worth $3,281,000 after purchasing an additional 34 shares during the period. Signaturefd LLC lifted its holdings in shares of iShares MSCI USA Momentum Factor ETF by 5.4% during the third quarter. Signaturefd LLC now owns 762 shares of the company’s stock valued at $242,000 after purchasing an additional 39 shares during the last quarter. 1ST Source Bank boosted its position in shares of iShares MSCI USA Momentum Factor ETF by 4.9% in the 1st quarter. 1ST Source Bank now owns 944 shares of the company’s stock worth $227,000 after purchasing an additional 44 shares in the last quarter. LifeSteps Financial Inc. boosted its position in shares of iShares MSCI USA Momentum Factor ETF by 2.8% in the 3rd quarter. LifeSteps Financial Inc. now owns 1,677 shares of the company’s stock worth $532,000 after purchasing an additional 46 shares in the last quarter. Finally, Onyx Bridge Wealth Group LLC boosted its position in shares of iShares MSCI USA Momentum Factor ETF by 2.9% in the 3rd quarter. Onyx Bridge Wealth Group LLC now owns 1,857 shares of the company’s stock worth $589,000 after purchasing an additional 52 shares in the last quarter.

iShares MSCI USA Momentum Factor ETF Stock Performance

Shares of iShares MSCI USA Momentum Factor ETF stock traded up $1.16 during midday trading on Friday, hitting $63.76. The company had a trading volume of 4,145,160 shares, compared to its average volume of 4,903,733. The stock has a market capitalization of $4.65 billion, a P/E ratio of 28.67 and a beta of 1.02. The company has a 50 day moving average of $75.69 and a 200 day moving average of $72.51. iShares MSCI USA Momentum Factor ETF has a 52-week low of $57.35 and a 52-week high of $86.40.

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.