J.M. Arbour LLC Acquires Shares of 6,024 iShares MSCI USA Momentum Factor ETF $MTUM

J.M. Arbour LLC acquired a new stake in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 6,024 shares of the company’s stock, valued at approximately $1,508,000. iShares MSCI USA Momentum Factor ETF accounts for 1.5% of J.M. Arbour LLC’s portfolio, making the stock its 18th biggest position.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Triumph Capital Management bought a new position in shares of iShares MSCI USA Momentum Factor ETF during the third quarter valued at $25,000. Dagco Inc. bought a new position in shares of iShares MSCI USA Momentum Factor ETF during the fourth quarter valued at $25,000. Eagle Bay Advisors LLC bought a new position in shares of iShares MSCI USA Momentum Factor ETF during the fourth quarter valued at $26,000. TFC Financial Management Inc. bought a new position in shares of iShares MSCI USA Momentum Factor ETF during the third quarter valued at $28,000. Finally, United Financial Planning Group LLC bought a new position in shares of iShares MSCI USA Momentum Factor ETF during the third quarter valued at $28,000.

iShares MSCI USA Momentum Factor ETF Stock Performance

Shares of BATS MTUM opened at $270.82 on Friday. The stock has a market cap of $19.77 billion, a PE ratio of 28.67 and a beta of 1.02. The business has a fifty day moving average of $250.67 and a two-hundred day moving average of $251.85. iShares MSCI USA Momentum Factor ETF has a 52-week low of $187.70 and a 52-week high of $271.23.

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.