Indivisible Partners Purchases New Position in iShares MSCI USA Momentum Factor ETF $MTUM

Indivisible Partners purchased a new stake in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) during the fourth quarter, HoldingsChannel.com reports. The firm purchased 9,273 shares of the company’s stock, valued at approximately $2,321,000.

A number of other hedge funds also recently bought and sold shares of MTUM. Bison Wealth LLC increased its holdings in iShares MSCI USA Momentum Factor ETF by 4.4% during the 4th quarter. Bison Wealth LLC now owns 3,148 shares of the company’s stock valued at $651,000 after purchasing an additional 133 shares during the period. Empowered Funds LLC purchased a new position in shares of iShares MSCI USA Momentum Factor ETF during the 1st quarter worth approximately $2,488,000. Russell Investments Group Ltd. grew its holdings in shares of iShares MSCI USA Momentum Factor ETF by 15.1% during the 2nd quarter. Russell Investments Group Ltd. now owns 973 shares of the company’s stock worth $234,000 after acquiring an additional 128 shares during the period. First Trust Advisors LP purchased a new position in shares of iShares MSCI USA Momentum Factor ETF during the 2nd quarter worth approximately $350,000. Finally, Qube Research & Technologies Ltd grew its holdings in shares of iShares MSCI USA Momentum Factor ETF by 543.9% during the 2nd quarter. Qube Research & Technologies Ltd now owns 127,461 shares of the company’s stock worth $30,631,000 after acquiring an additional 107,665 shares during the period.

iShares MSCI USA Momentum Factor ETF Stock Performance

MTUM stock opened at $291.10 on Wednesday. iShares MSCI USA Momentum Factor ETF has a fifty-two week low of $212.60 and a fifty-two week high of $292.37. The business’s 50 day moving average price is $256.16 and its two-hundred day moving average price is $253.64. The company has a market capitalization of $21.25 billion, a price-to-earnings ratio of 28.67 and a beta of 1.02.

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.