Novem Group Grows Position in iShares MSCI USA Momentum Factor ETF $MTUM

Novem Group raised its stake in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 53.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,149 shares of the company’s stock after acquiring an additional 3,192 shares during the period. Novem Group’s holdings in iShares MSCI USA Momentum Factor ETF were worth $3,137,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of MTUM. Beacon Bridge Wealth Partners LLC lifted its position in shares of iShares MSCI USA Momentum Factor ETF by 78.3% during the fourth quarter. Beacon Bridge Wealth Partners LLC now owns 22,617 shares of the company’s stock valued at $5,661,000 after purchasing an additional 9,932 shares in the last quarter. Waystone Advisors LLC bought a new stake in iShares MSCI USA Momentum Factor ETF in the 4th quarter worth about $1,040,000. Elevation Capital Advisory LLC bought a new stake in iShares MSCI USA Momentum Factor ETF in the 4th quarter worth about $3,960,000. WealthShield Partners LLC increased its stake in iShares MSCI USA Momentum Factor ETF by 54.0% in the 4th quarter. WealthShield Partners LLC now owns 25,884 shares of the company’s stock valued at $6,479,000 after buying an additional 9,080 shares during the last quarter. Finally, Blalock Williams LLC increased its stake in iShares MSCI USA Momentum Factor ETF by 64.7% in the 4th quarter. Blalock Williams LLC now owns 5,750 shares of the company’s stock valued at $1,439,000 after buying an additional 2,259 shares during the last quarter.

iShares MSCI USA Momentum Factor ETF Stock Up 0.4%

iShares MSCI USA Momentum Factor ETF stock opened at $316.03 on Friday. iShares MSCI USA Momentum Factor ETF has a 52 week low of $229.42 and a 52 week high of $345.59. The company’s 50 day moving average price is $316.33 and its two-hundred day moving average price is $285.07. The stock has a market cap of $23.07 billion, a P/E ratio of 28.67 and a beta of 1.02.

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.