Flagstar Advisors Inc. Increases Position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

Flagstar Advisors Inc. increased its stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 1.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,526 shares of the company’s stock after purchasing an additional 51 shares during the quarter. Flagstar Advisors Inc.’s holdings in iShares MSCI USA Momentum Factor ETF were worth $713,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Vontobel Holding Ltd. bought a new stake in shares of iShares MSCI USA Momentum Factor ETF in the 4th quarter worth approximately $432,000. Kingsview Wealth Management LLC raised its holdings in shares of iShares MSCI USA Momentum Factor ETF by 17.9% in the 4th quarter. Kingsview Wealth Management LLC now owns 1,330 shares of the company’s stock worth $275,000 after purchasing an additional 202 shares during the period. Snowden Capital Advisors LLC raised its holdings in shares of iShares MSCI USA Momentum Factor ETF by 297.6% in the 4th quarter. Snowden Capital Advisors LLC now owns 16,347 shares of the company’s stock worth $3,383,000 after purchasing an additional 12,236 shares during the period. Summit X LLC raised its holdings in shares of iShares MSCI USA Momentum Factor ETF by 1,416.6% in the 4th quarter. Summit X LLC now owns 22,142 shares of the company’s stock worth $4,582,000 after purchasing an additional 20,682 shares during the period. Finally, Fullcircle Wealth LLC bought a new stake in shares of iShares MSCI USA Momentum Factor ETF in the 4th quarter worth approximately $506,000.

iShares MSCI USA Momentum Factor ETF Trading Up 10.8%

BATS:MTUM opened at $231.63 on Monday. The stock has a market capitalization of $16.98 billion, a PE ratio of 28.96 and a beta of 1.02. The firm’s 50 day moving average is $209.57 and its 200 day moving average is $212.26. iShares MSCI USA Momentum Factor ETF has a 12 month low of $168.49 and a 12 month high of $232.61.

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.