iShares MSCI USA Momentum Factor ETF $MTUM Position Boosted by JB Capital LLC

JB Capital LLC increased its holdings in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 6.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 167,577 shares of the company’s stock after purchasing an additional 9,553 shares during the quarter. iShares MSCI USA Momentum Factor ETF accounts for 1.9% of JB Capital LLC’s holdings, making the stock its 13th biggest position. JB Capital LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $42,975,000 as of its most recent SEC filing.

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

iShares MSCI USA Momentum Factor ETF Stock Up 20.9%

BATS:MTUM opened at $252.70 on Wednesday. The stock has a fifty day simple moving average of $250.12 and a 200 day simple moving average of $246.83. The firm has a market capitalization of $18.45 billion, a price-to-earnings ratio of 28.67 and a beta of 1.02. iShares MSCI USA Momentum Factor ETF has a 1-year low of $168.49 and a 1-year high of $240.99.

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. MTUM was launched on Apr 16, 2013 and is managed by BlackRock.