D.A. Davidson & CO. Buys 8,610 Shares of iShares MSCI USA Momentum Factor ETF $MTUM

D.A. Davidson & CO. grew its position in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 32.1% in the first quarter, HoldingsChannel reports. The firm owned 35,437 shares of the company’s stock after buying an additional 8,610 shares during the quarter. D.A. Davidson & CO.’s holdings in iShares MSCI USA Momentum Factor ETF were worth $8,505,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Bison Wealth LLC boosted its stake in iShares MSCI USA Momentum Factor ETF by 4.4% during the fourth quarter. Bison Wealth LLC now owns 3,148 shares of the company’s stock worth $651,000 after buying an additional 133 shares during the period. Empowered Funds LLC bought a new stake in shares of iShares MSCI USA Momentum Factor ETF in the 1st quarter worth about $2,488,000. Russell Investments Group Ltd. boosted its stake in shares of 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 purchasing an additional 128 shares during the period. First Trust Advisors LP purchased a new position in shares of iShares MSCI USA Momentum Factor ETF during the 2nd quarter worth about $350,000. Finally, Qube Research & Technologies Ltd grew its holdings in iShares MSCI USA Momentum Factor ETF by 543.9% during the 2nd quarter. Qube Research & Technologies Ltd now owns 127,461 shares of the company’s stock valued at $30,631,000 after purchasing an additional 107,665 shares during the last quarter.

iShares MSCI USA Momentum Factor ETF Price Performance

Shares of BATS:MTUM opened at $302.09 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 business has a 50 day simple moving average of $317.45 and a two-hundred day simple moving average of $278.11. The firm has a market capitalization of $22.05 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.