Members Advisory Group LLC Has $7.13 Million Position in iShares MSCI USA Momentum Factor ETF $MTUM

Members Advisory Group LLC grew its position in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 270.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 27,796 shares of the company’s stock after purchasing an additional 20,299 shares during the quarter. iShares MSCI USA Momentum Factor ETF makes up 2.5% of Members Advisory Group LLC’s holdings, making the stock its 12th biggest holding. Members Advisory Group LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $7,131,000 at the end of the most recent reporting period.

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

iShares MSCI USA Momentum Factor ETF Stock Up 22.1%

BATS MTUM opened at $255.15 on Tuesday. The company has a market capitalization of $18.63 billion, a price-to-earnings ratio of 28.67 and a beta of 1.02. iShares MSCI USA Momentum Factor ETF has a twelve month low of $168.49 and a twelve month high of $240.99. The stock has a fifty day simple moving average of $249.95 and a 200 day simple moving average of $247.44.

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.