Scotia Capital Inc. Has $4.13 Million Stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

Scotia Capital Inc. raised its stake in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 54.4% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 20,424 shares of the company’s stock after buying an additional 7,195 shares during the quarter. Scotia Capital Inc.’s holdings in iShares MSCI USA Momentum Factor ETF were worth $4,128,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of MTUM. Cullen Frost Bankers Inc. acquired a new position in iShares MSCI USA Momentum Factor ETF during the first quarter valued at approximately $26,000. Mascagni Wealth Management Inc. bought a new position in shares of iShares MSCI USA Momentum Factor ETF during the fourth quarter worth $29,000. Compass Wealth Management LLC acquired a new position in shares of iShares MSCI USA Momentum Factor ETF in the 1st quarter valued at $30,000. Cornerstone Planning Group LLC increased its position in shares of iShares MSCI USA Momentum Factor ETF by 140.3% in the 1st quarter. Cornerstone Planning Group LLC now owns 149 shares of the company’s stock valued at $30,000 after buying an additional 87 shares in the last quarter. Finally, Halbert Hargrove Global Advisors LLC acquired a new stake in iShares MSCI USA Momentum Factor ETF during the 1st quarter worth $33,000.

iShares MSCI USA Momentum Factor ETF Trading Up 16.0%

BATS:MTUM opened at $242.35 on Tuesday. iShares MSCI USA Momentum Factor ETF has a 1 year low of $168.49 and a 1 year high of $240.99. The stock has a 50-day moving average price of $235.56 and a two-hundred day moving average price of $219.88. The stock has a market cap of $17.69 billion, a price-to-earnings ratio of 28.67 and a beta of 1.02.

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.