Sequoia Financial Advisors LLC lifted its position in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM – Free Report) by 6.7% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 103,852 shares of the company’s stock after acquiring an additional 6,557 shares during the period. Sequoia Financial Advisors LLC owned 0.14% of iShares MSCI USA Momentum Factor ETF worth $35,604,000 as of its most recent filing with the SEC.
A number of other large investors have also modified their holdings of the company. Cary Street Partners Financial LLC bought a new position in iShares MSCI USA Momentum Factor ETF in the 4th quarter worth about $25,000. Triumph Capital Management bought a new stake in shares of iShares MSCI USA Momentum Factor ETF during the third quarter valued at approximately $25,000. Financial Network Wealth Advisors LLC raised its holdings in shares of iShares MSCI USA Momentum Factor ETF by 176.3% during the fourth quarter. Financial Network Wealth Advisors LLC now owns 105 shares of the company’s stock valued at $26,000 after buying an additional 67 shares during the last quarter. Turtle Creek Wealth Advisors LLC acquired a new position in shares of iShares MSCI USA Momentum Factor ETF during the first quarter worth approximately $26,000. Finally, Indiana Trust & Investment Management Co acquired a new position in shares of iShares MSCI USA Momentum Factor ETF during the first quarter worth approximately $26,000.
iShares MSCI USA Momentum Factor ETF Price Performance
Shares of MTUM stock opened at $309.29 on Thursday. iShares MSCI USA Momentum Factor ETF has a 12-month low of $229.42 and a 12-month high of $345.59. The firm has a market capitalization of $22.58 billion, a price-to-earnings ratio of 28.67 and a beta of 1.02. The business has a 50 day simple moving average of $307.87 and a 200 day simple moving average of $291.87.
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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