Town Capital LLC Boosts Stock Position in iShares MSCI USA Momentum Factor ETF $MTUM

Town Capital LLC boosted its position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 61.9% in the first quarter, HoldingsChannel.com reports. The firm owned 17,117 shares of the company’s stock after acquiring an additional 6,546 shares during the period. iShares MSCI USA Momentum Factor ETF accounts for approximately 3.3% of Town Capital LLC’s investment portfolio, making the stock its 11th biggest holding. Town Capital LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $4,108,000 as of its most recent filing with the SEC.

Other hedge funds have also modified their holdings of the company. Corient Private Wealth LLC boosted its holdings in shares of iShares MSCI USA Momentum Factor ETF by 185.9% in the 4th quarter. Corient Private Wealth LLC now owns 2,048,917 shares of the company’s stock valued at $512,864,000 after buying an additional 1,332,181 shares in the last quarter. LPL Financial LLC raised its stake in shares of iShares MSCI USA Momentum Factor ETF by 24.7% during the 4th quarter. LPL Financial LLC now owns 3,291,857 shares of the company’s stock worth $823,985,000 after acquiring an additional 652,414 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of iShares MSCI USA Momentum Factor ETF by 32.2% during the 4th quarter. JPMorgan Chase & Co. now owns 1,151,084 shares of the company’s stock worth $288,128,000 after acquiring an additional 280,192 shares in the last quarter. Envestnet Portfolio Solutions Inc. lifted its position in iShares MSCI USA Momentum Factor ETF by 55.3% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 721,042 shares of the company’s stock valued at $180,484,000 after acquiring an additional 256,639 shares during the last quarter. Finally, CWM LLC lifted its position in iShares MSCI USA Momentum Factor ETF by 25.3% during the fourth quarter. CWM LLC now owns 1,141,425 shares of the company’s stock valued at $285,710,000 after acquiring an additional 230,310 shares during the last quarter.

iShares MSCI USA Momentum Factor ETF Price Performance

Shares of MTUM opened at $299.59 on Monday. The company has a market cap of $21.87 billion, a price-to-earnings ratio of 28.67 and a beta of 1.02. iShares MSCI USA Momentum Factor ETF has a twelve month low of $229.42 and a twelve month high of $345.59. The company has a 50 day moving average of $317.74 and a two-hundred day moving average of $281.69.

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.