Global Retirement Partners LLC Increases Holdings in iShares MSCI USA Momentum Factor ETF $MTUM

Global Retirement Partners LLC raised its position in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 242.5% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 35,226 shares of the company’s stock after purchasing an additional 24,940 shares during the period. Global Retirement Partners LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $8,817,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in MTUM. Caprock Group LLC bought a new position in iShares MSCI USA Momentum Factor ETF in the third quarter valued at about $3,283,000. Braun Bostich & Associates Inc. grew its position in iShares MSCI USA Momentum Factor ETF by 63.4% in the fourth quarter. Braun Bostich & Associates Inc. now owns 11,497 shares of the company’s stock worth $2,878,000 after acquiring an additional 4,463 shares in the last quarter. BCGM Wealth Management LLC boosted its position in shares of iShares MSCI USA Momentum Factor ETF by 45.0% during the fourth quarter. BCGM Wealth Management LLC now owns 25,663 shares of the company’s stock valued at $6,424,000 after buying an additional 7,960 shares during the period. Cypress Wealth Services LLC raised its stake in shares of iShares MSCI USA Momentum Factor ETF by 63.6% during the fourth quarter. Cypress Wealth Services LLC now owns 14,772 shares of the company’s stock valued at $3,698,000 after acquiring an additional 5,740 shares in the last quarter. Finally, Ausdal Financial Partners Inc. lifted its holdings in iShares MSCI USA Momentum Factor ETF by 237.4% during the third quarter. Ausdal Financial Partners Inc. now owns 4,768 shares of the company’s stock worth $1,223,000 after buying an additional 3,355 shares during the period.

iShares MSCI USA Momentum Factor ETF Stock Up 2.4%

MTUM stock opened at $299.59 on Thursday. iShares MSCI USA Momentum Factor ETF has a 52 week low of $223.47 and a 52 week high of $307.96. The firm has a 50 day moving average of $267.14 and a 200 day moving average of $257.17. The stock has a market capitalization of $21.87 billion, a PE ratio of 28.67 and a beta of 1.02.

iShares MSCI USA Momentum Factor ETF Company 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.