GTS Securities LLC lifted its stake in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM – Free Report) by 232.6% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 14,936 shares of the company’s stock after purchasing an additional 10,445 shares during the quarter. GTS Securities LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $5,121,000 as of its most recent SEC filing.
A number of other institutional investors have also added to or reduced their stakes in MTUM. Davidson Investment Advisors bought a new position in iShares MSCI USA Momentum Factor ETF in the 2nd quarter worth about $16,799,000. Ferguson Wellman Capital Management Inc. bought a new stake in shares of iShares MSCI USA Momentum Factor ETF during the second quarter valued at about $204,000. Compass Financial Management LLC bought a new stake in shares of iShares MSCI USA Momentum Factor ETF during the second quarter valued at about $117,000. Trust Co. of Vermont purchased a new stake in shares of iShares MSCI USA Momentum Factor ETF in the second quarter worth about $193,000. Finally, Legacy Advisors LLC purchased a new stake in shares of iShares MSCI USA Momentum Factor ETF in the second quarter worth about $206,000.
iShares MSCI USA Momentum Factor ETF Trading Down 1.5%
Shares of BATS:MTUM opened at $299.71 on Friday. The company has a 50 day moving average of $312.96 and a 200 day moving average of $288.84. The stock has a market cap of $21.88 billion, a P/E ratio of 28.67 and a beta of 1.02. iShares MSCI USA Momentum Factor ETF has a 12 month low of $229.42 and a 12 month high of $345.59.
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.
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