Element Wealth LLC grew its stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM – Free Report) by 59.4% during the fourth quarter, Holdings Channel.com reports. The fund owned 322 shares of the company’s stock after purchasing an additional 120 shares during the quarter. Element Wealth LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $67,000 at the end of the most recent quarter.
A number of other institutional investors have also modified their holdings of the stock. Fortitude Family Office LLC raised its holdings in shares of iShares MSCI USA Momentum Factor ETF by 1,255.6% in the third quarter. Fortitude Family Office LLC now owns 122 shares of the company’s stock valued at $25,000 after acquiring an additional 113 shares in the last quarter. Signaturefd LLC grew its holdings in iShares MSCI USA Momentum Factor ETF by 1,550.0% during the 3rd quarter. Signaturefd LLC now owns 165 shares of the company’s stock worth $33,000 after acquiring an additional 155 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. increased its position in iShares MSCI USA Momentum Factor ETF by 1,880.0% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 198 shares of the company’s stock valued at $41,000 after purchasing an additional 188 shares during the period. Capital Performance Advisors LLP bought a new stake in shares of iShares MSCI USA Momentum Factor ETF in the 3rd quarter valued at about $43,000. Finally, AdvisorNet Financial Inc lifted its position in shares of iShares MSCI USA Momentum Factor ETF by 51.4% in the 4th quarter. AdvisorNet Financial Inc now owns 218 shares of the company’s stock worth $45,000 after purchasing an additional 74 shares during the period.
iShares MSCI USA Momentum Factor ETF Stock Performance
BATS MTUM opened at $219.82 on Friday. The company has a market cap of $11.90 billion, a PE ratio of 18.53 and a beta of 1.10. The firm’s 50 day moving average price is $216.45 and its 200-day moving average price is $207.42. iShares MSCI USA Momentum Factor ETF has a 52-week low of $81.37 and a 52-week high of $113.60.
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.
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