iShares MSCI USA Momentum Factor ETF $MTUM is High Probability Advisors LLC’s 2nd Largest Position

High Probability Advisors LLC raised its stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 1.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 318,438 shares of the company’s stock after acquiring an additional 4,422 shares during the period. iShares MSCI USA Momentum Factor ETF accounts for approximately 11.2% of High Probability Advisors LLC’s portfolio, making the stock its 2nd largest position. High Probability Advisors LLC owned approximately 0.44% of iShares MSCI USA Momentum Factor ETF worth $81,663,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in MTUM. Harbor Investment Advisory LLC boosted its position in shares of iShares MSCI USA Momentum Factor ETF by 262.2% in the 2nd quarter. Harbor Investment Advisory LLC now owns 163 shares of the company’s stock valued at $39,000 after purchasing an additional 118 shares during the period. WFA of San Diego LLC purchased a new stake in iShares MSCI USA Momentum Factor ETF in the second quarter valued at approximately $46,000. GAMMA Investing LLC lifted its stake in iShares MSCI USA Momentum Factor ETF by 45.0% in the second quarter. GAMMA Investing LLC now owns 216 shares of the company’s stock valued at $52,000 after buying an additional 67 shares during the last quarter. Hilltop National Bank acquired a new stake in shares of iShares MSCI USA Momentum Factor ETF in the second quarter valued at approximately $55,000. Finally, Fortitude Family Office LLC grew its position in shares of iShares MSCI USA Momentum Factor ETF by 109.0% during the second quarter. Fortitude Family Office LLC now owns 255 shares of the company’s stock worth $61,000 after acquiring an additional 133 shares during the last quarter.

iShares MSCI USA Momentum Factor ETF Price Performance

MTUM stock opened at $253.41 on Tuesday. The company has a fifty day moving average price of $250.05 and a 200 day moving average price of $245.87. iShares MSCI USA Momentum Factor ETF has a 12 month low of $168.49 and a 12 month high of $240.99. The company has a market cap of $18.50 billion, a price-to-earnings ratio of 28.67 and a beta of 1.02.

iShares MSCI USA Momentum Factor ETF Company 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. MTUM was launched on Apr 16, 2013 and is managed by BlackRock.