Financiere des Professionnels Fonds d investissement inc. Raises Stake in iShares MSCI USA Momentum Factor ETF $MTUM

Financiere des Professionnels Fonds d investissement inc. boosted its position in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 23.5% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 14,200 shares of the company’s stock after acquiring an additional 2,700 shares during the period. Financiere des Professionnels Fonds d investissement inc.’s holdings in iShares MSCI USA Momentum Factor ETF were worth $3,642,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Envestnet Asset Management Inc. lifted its position in shares of iShares MSCI USA Momentum Factor ETF by 9.5% during the 2nd quarter. Envestnet Asset Management Inc. now owns 12,639,702 shares of the company’s stock worth $3,037,545,000 after purchasing an additional 1,094,104 shares during the last quarter. Raymond James Financial Inc. boosted its position in shares of iShares MSCI USA Momentum Factor ETF by 0.4% during the 2nd quarter. Raymond James Financial Inc. now owns 2,942,400 shares of the company’s stock worth $707,117,000 after acquiring an additional 12,526 shares in the last quarter. Assetmark Inc. boosted its position in shares of iShares MSCI USA Momentum Factor ETF by 2.4% during the 2nd quarter. Assetmark Inc. now owns 1,855,684 shares of the company’s stock worth $445,958,000 after acquiring an additional 42,864 shares in the last quarter. Ameriprise Financial Inc. increased its holdings in shares of iShares MSCI USA Momentum Factor ETF by 15.8% in the 2nd quarter. Ameriprise Financial Inc. now owns 1,231,042 shares of the company’s stock valued at $295,986,000 after acquiring an additional 168,340 shares during the last quarter. Finally, Blue Trust Inc. raised its position in shares of iShares MSCI USA Momentum Factor ETF by 0.7% during the 2nd quarter. Blue Trust Inc. now owns 1,210,478 shares of the company’s stock worth $290,902,000 after acquiring an additional 8,459 shares in the last quarter.

iShares MSCI USA Momentum Factor ETF Stock Up 20.9%

MTUM stock opened at $252.65 on Friday. The business has a 50 day moving average price of $250.00 and a 200 day moving average price of $247.02. The stock has a market cap of $18.44 billion, a price-to-earnings ratio of 28.67 and a beta of 1.02. iShares MSCI USA Momentum Factor ETF has a fifty-two week low of $168.49 and a fifty-two week 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.