Hyundai Investments Co. Ltd. Invests $1.09 Million in iShares MSCI USA Momentum Factor ETF $MTUM

Hyundai Investments Co. Ltd. purchased a new position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 4,304 shares of the company’s stock, valued at approximately $1,088,000. iShares MSCI USA Momentum Factor ETF comprises approximately 1.1% of Hyundai Investments Co. Ltd.’s investment portfolio, making the stock its 4th largest position.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Caliber Wealth Management LLC KS boosted its position in shares of iShares MSCI USA Momentum Factor ETF by 0.4% in the 4th quarter. Caliber Wealth Management LLC KS now owns 9,680 shares of the company’s stock worth $2,423,000 after purchasing an additional 39 shares during the last quarter. Traction Financial Partners LLC boosted its position in shares of iShares MSCI USA Momentum Factor ETF by 3.4% in the 4th quarter. Traction Financial Partners LLC now owns 1,206 shares of the company’s stock worth $302,000 after purchasing an additional 40 shares during the last quarter. Lunt Capital Management Inc. boosted its position in shares of iShares MSCI USA Momentum Factor ETF by 3.0% in the 4th quarter. Lunt Capital Management Inc. now owns 1,500 shares of the company’s stock worth $375,000 after purchasing an additional 43 shares during the last quarter. Integrity Financial Corp WA lifted its holdings in iShares MSCI USA Momentum Factor ETF by 5.4% during the fourth quarter. Integrity Financial Corp WA now owns 843 shares of the company’s stock worth $211,000 after acquiring an additional 43 shares in the last quarter. Finally, Venturi Wealth Management LLC grew its stake in iShares MSCI USA Momentum Factor ETF by 1.2% in the fourth quarter. Venturi Wealth Management LLC now owns 3,942 shares of the company’s stock valued at $987,000 after acquiring an additional 45 shares during the period.

iShares MSCI USA Momentum Factor ETF Trading Up 2.8%

BATS:MTUM opened at $333.63 on Tuesday. iShares MSCI USA Momentum Factor ETF has a 1 year low of $229.42 and a 1 year high of $334.61. The stock has a market cap of $24.35 billion, a price-to-earnings ratio of 28.67 and a beta of 1.02. The stock has a 50-day moving average price of $293.01 and a two-hundred day moving average price of $265.91.

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.