Cornerstone Planning Group LLC Purchases 4,206 Shares of iShares MSCI USA Momentum Factor ETF $MTUM

Cornerstone Planning Group LLC grew its position in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 6,783.9% in the third quarter, Holdings Channel reports. The firm owned 4,268 shares of the company’s stock after purchasing an additional 4,206 shares during the period. Cornerstone Planning Group LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $1,082,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Envestnet Asset Management Inc. grew its position in iShares MSCI USA Momentum Factor ETF by 9.5% during the second quarter. Envestnet Asset Management Inc. now owns 12,639,702 shares of the company’s stock worth $3,037,545,000 after buying an additional 1,094,104 shares in the last quarter. Raymond James Financial Inc. boosted its position in shares of iShares MSCI USA Momentum Factor ETF by 0.4% during the 2nd quarter. Raymond James Financial Inc. now owns 2,942,400 shares of the company’s stock valued at $707,117,000 after acquiring an additional 12,526 shares during the last quarter. Assetmark Inc. grew its holdings in shares of iShares MSCI USA Momentum Factor ETF by 2.4% during the second quarter. Assetmark Inc. now owns 1,855,684 shares of the company’s stock worth $445,958,000 after purchasing an additional 42,864 shares in the last quarter. Ameriprise Financial Inc. increased its position in shares of iShares MSCI USA Momentum Factor ETF by 15.8% in the second quarter. Ameriprise Financial Inc. now owns 1,231,042 shares of the company’s stock worth $295,986,000 after purchasing an additional 168,340 shares during the last quarter. Finally, Blue Trust Inc. increased its position in shares of iShares MSCI USA Momentum Factor ETF by 0.7% in the second quarter. Blue Trust Inc. now owns 1,210,478 shares of the company’s stock worth $290,902,000 after purchasing an additional 8,459 shares during the last quarter.

iShares MSCI USA Momentum Factor ETF Price Performance

Shares of iShares MSCI USA Momentum Factor ETF stock opened at $258.36 on Tuesday. iShares MSCI USA Momentum Factor ETF has a 1 year low of $168.49 and a 1 year high of $240.99. The firm has a market cap of $18.86 billion, a PE ratio of 28.67 and a beta of 1.02. The company has a 50 day simple moving average of $253.54 and a two-hundred day simple moving average of $250.26.

iShares MSCI USA Momentum Factor ETF 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.