Midwest Capital Advisors LLC Grows Stock Holdings in iShares MSCI USA Momentum Factor ETF $MTUM

Midwest Capital Advisors LLC boosted its holdings in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 4.4% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 39,723 shares of the company’s stock after buying an additional 1,670 shares during the period. iShares MSCI USA Momentum Factor ETF makes up about 4.5% of Midwest Capital Advisors LLC’s holdings, making the stock its 6th largest holding. Midwest Capital Advisors LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $9,533,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Braun Bostich & Associates Inc. increased its stake 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 valued at $2,878,000 after acquiring an additional 4,463 shares during the last quarter. BCGM Wealth Management LLC lifted its position in iShares MSCI USA Momentum Factor ETF by 45.0% in the 4th quarter. BCGM Wealth Management LLC now owns 25,663 shares of the company’s stock worth $6,424,000 after buying an additional 7,960 shares during the last quarter. Cypress Wealth Services LLC boosted its stake in iShares MSCI USA Momentum Factor ETF by 63.6% in the fourth quarter. Cypress Wealth Services LLC now owns 14,772 shares of the company’s stock worth $3,698,000 after buying an additional 5,740 shares in the last quarter. Flagship Capital Management Inc. bought a new position in iShares MSCI USA Momentum Factor ETF during the fourth quarter valued at approximately $1,779,000. Finally, Assetmark Inc. grew its position in iShares MSCI USA Momentum Factor ETF by 2.5% during the fourth quarter. Assetmark Inc. now owns 1,502,409 shares of the company’s stock valued at $376,068,000 after acquiring an additional 37,278 shares during the last quarter.

iShares MSCI USA Momentum Factor ETF Stock Performance

Shares of MTUM opened at $328.10 on Thursday. iShares MSCI USA Momentum Factor ETF has a fifty-two week low of $229.42 and a fifty-two week high of $345.59. The firm has a market cap of $23.95 billion, a price-to-earnings ratio of 28.67 and a beta of 1.02. The firm has a 50 day moving average price of $310.07 and a 200-day moving average price of $272.90.

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.