Kestra Private Wealth Services LLC Has $9.66 Million Holdings in iShares MSCI USA Momentum Factor ETF $MTUM

Kestra Private Wealth Services LLC boosted its holdings in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 11.4% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 40,259 shares of the company’s stock after purchasing an additional 4,106 shares during the period. Kestra Private Wealth Services LLC owned 0.06% of iShares MSCI USA Momentum Factor ETF worth $9,662,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Bison Wealth LLC increased its stake in shares of iShares MSCI USA Momentum Factor ETF by 4.4% in the fourth quarter. Bison Wealth LLC now owns 3,148 shares of the company’s stock valued at $651,000 after buying an additional 133 shares in the last quarter. Empowered Funds LLC bought a new stake in iShares MSCI USA Momentum Factor ETF during the 1st quarter worth about $2,488,000. Russell Investments Group Ltd. grew its holdings in 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 last quarter. First Trust Advisors LP acquired a new stake in iShares MSCI USA Momentum Factor ETF in the 2nd quarter valued at about $350,000. Finally, Qube Research & Technologies Ltd increased its position in iShares MSCI USA Momentum Factor ETF by 543.9% in the 2nd quarter. Qube Research & Technologies Ltd now owns 127,461 shares of the company’s stock valued at $30,631,000 after acquiring an additional 107,665 shares in the last quarter.

iShares MSCI USA Momentum Factor ETF Trading Up 3.3%

Shares of BATS MTUM opened at $339.30 on Friday. iShares MSCI USA Momentum Factor ETF has a 1-year low of $229.42 and a 1-year high of $345.59. The company has a 50-day moving average of $305.20 and a two-hundred day moving average of $270.68. The company has a market cap of $24.77 billion, a PE ratio of 28.67 and a beta of 1.02.

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.