Mullooly Asset Management Inc. Purchases 2,568 Shares of iShares MSCI USA Momentum Factor ETF $MTUM

Mullooly Asset Management Inc. boosted its position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 1.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 140,424 shares of the company’s stock after buying an additional 2,568 shares during the period. iShares MSCI USA Momentum Factor ETF makes up 12.9% of Mullooly Asset Management Inc.’s holdings, making the stock its biggest holding. Mullooly Asset Management Inc. owned about 0.19% of iShares MSCI USA Momentum Factor ETF worth $35,149,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Csenge Advisory Group lifted its holdings in iShares MSCI USA Momentum Factor ETF by 12.4% in the fourth quarter. Csenge Advisory Group now owns 32,031 shares of the company’s stock valued at $8,018,000 after buying an additional 3,530 shares during the period. HighTower Advisors LLC increased its stake in iShares MSCI USA Momentum Factor ETF by 0.6% in the fourth quarter. HighTower Advisors LLC now owns 35,775 shares of the company’s stock valued at $8,955,000 after purchasing an additional 205 shares in the last quarter. Envestnet Portfolio Solutions Inc. increased its stake in iShares MSCI USA Momentum Factor ETF by 55.3% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 721,042 shares of the company’s stock valued at $180,484,000 after purchasing an additional 256,639 shares in the last quarter. Spectrum Strategic Capital Management LLC bought a new stake in iShares MSCI USA Momentum Factor ETF in the fourth quarter valued at $996,000. Finally, Aegis Wealth Management Inc. bought a new stake in iShares MSCI USA Momentum Factor ETF in the fourth quarter valued at $287,000.

iShares MSCI USA Momentum Factor ETF Trading Down 1.3%

MTUM opened at $294.32 on Tuesday. iShares MSCI USA Momentum Factor ETF has a 1-year low of $223.47 and a 1-year high of $307.96. The company has a market cap of $21.49 billion, a P/E ratio of 28.67 and a beta of 1.02. The company has a fifty day moving average price of $265.07 and a two-hundred day moving average price of $256.61.

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. MTUM was launched on Apr 16, 2013 and is managed by BlackRock.