Private Advisor Group LLC grew its stake in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM – Free Report) by 55.7% in the first quarter, Holdings Channel.com reports. The fund owned 111,867 shares of the company’s stock after buying an additional 40,025 shares during the quarter. Private Advisor Group LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $22,612,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently modified their holdings of the company. Cullen Frost Bankers Inc. purchased a new stake in shares of iShares MSCI USA Momentum Factor ETF in the first quarter valued at $26,000. Mascagni Wealth Management Inc. purchased a new stake in shares of iShares MSCI USA Momentum Factor ETF in the fourth quarter valued at $29,000. Murphy & Mullick Capital Management Corp purchased a new stake in shares of iShares MSCI USA Momentum Factor ETF in the fourth quarter valued at $30,000. Compass Wealth Management LLC purchased a new stake in shares of iShares MSCI USA Momentum Factor ETF in the first quarter valued at $30,000. Finally, Cornerstone Planning Group LLC lifted its holdings in shares of iShares MSCI USA Momentum Factor ETF by 140.3% in the first quarter. Cornerstone Planning Group LLC now owns 149 shares of the company’s stock valued at $30,000 after purchasing an additional 87 shares in the last quarter.
iShares MSCI USA Momentum Factor ETF Stock Up 14.4%
MTUM opened at $239.15 on Friday. The stock has a fifty day moving average of $233.07 and a 200-day moving average of $217.59. The firm has a market capitalization of $17.46 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 $168.49 and a 12-month high of $240.75.
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.
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