Bank of America Corp DE Boosts Stock Holdings in iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

Bank of America Corp DE grew its position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 25.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,528,601 shares of the company’s stock after acquiring an additional 308,078 shares during the quarter. Bank of America Corp DE owned about 2.82% of iShares MSCI USA Momentum Factor ETF worth $316,298,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Envestnet Asset Management Inc. lifted its position in iShares MSCI USA Momentum Factor ETF by 58.5% during the fourth quarter. Envestnet Asset Management Inc. now owns 12,608,593 shares of the company’s stock worth $2,608,970,000 after buying an additional 4,651,707 shares in the last quarter. Raymond James Financial Inc. purchased a new position in shares of iShares MSCI USA Momentum Factor ETF during the 4th quarter worth $574,824,000. LPL Financial LLC raised its holdings in shares of iShares MSCI USA Momentum Factor ETF by 215.4% during the 4th quarter. LPL Financial LLC now owns 1,954,637 shares of the company’s stock worth $404,454,000 after acquiring an additional 1,334,851 shares during the period. JPMorgan Chase & Co. grew its holdings in shares of iShares MSCI USA Momentum Factor ETF by 204.8% in the fourth quarter. JPMorgan Chase & Co. now owns 1,128,104 shares of the company’s stock valued at $233,427,000 after purchasing an additional 758,024 shares during the period. Finally, Envestnet Portfolio Solutions Inc. increased its position in iShares MSCI USA Momentum Factor ETF by 5,196.8% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 689,435 shares of the company’s stock worth $142,658,000 after purchasing an additional 676,419 shares during the last quarter.

iShares MSCI USA Momentum Factor ETF Price Performance

Shares of MTUM stock opened at $215.73 on Thursday. The firm’s 50-day moving average is $201.85 and its two-hundred day moving average is $209.95. iShares MSCI USA Momentum Factor ETF has a 12 month low of $168.49 and a 12 month high of $229.77. The company has a market capitalization of $14.90 billion, a PE ratio of 26.98 and a beta of 1.00.

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.