Legacy Trust Takes Position in iShares MSCI USA Momentum Factor ETF $MTUM

Legacy Trust bought a new position in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 2,060 shares of the company’s stock, valued at approximately $528,000.

Several other hedge funds have also added to or reduced their stakes in the company. Acropolis Investment Management LLC boosted its stake in iShares MSCI USA Momentum Factor ETF by 4.5% in the third quarter. Acropolis Investment Management LLC now owns 134,659 shares of the company’s stock valued at $32,361,000 after acquiring an additional 5,813 shares during the last quarter. Strategic Blueprint LLC raised its position in shares of iShares MSCI USA Momentum Factor ETF by 18.9% during the 3rd quarter. Strategic Blueprint LLC now owns 30,074 shares of the company’s stock valued at $7,713,000 after acquiring an additional 4,790 shares during the last quarter. Beacon Financial Group lifted its stake in shares of iShares MSCI USA Momentum Factor ETF by 11.0% in the 3rd quarter. Beacon Financial Group now owns 22,212 shares of the company’s stock valued at $5,696,000 after purchasing an additional 2,203 shares during the period. Advocacy Wealth Management Services LLC boosted its position in shares of iShares MSCI USA Momentum Factor ETF by 5.7% in the 2nd quarter. Advocacy Wealth Management Services LLC now owns 88,416 shares of the company’s stock worth $21,248,000 after purchasing an additional 4,752 shares during the last quarter. Finally, Cerity Partners LLC boosted its position in shares of iShares MSCI USA Momentum Factor ETF by 2.6% in the 3rd quarter. Cerity Partners LLC now owns 1,151,952 shares of the company’s stock worth $295,418,000 after purchasing an additional 29,230 shares during the last quarter.

iShares MSCI USA Momentum Factor ETF Trading Up 23.0%

BATS MTUM opened at $257.15 on Friday. iShares MSCI USA Momentum Factor ETF has a 12 month low of $168.49 and a 12 month high of $240.99. The stock has a 50-day simple moving average of $249.98 and a 200 day simple moving average of $247.97. The company has a market capitalization of $18.77 billion, a PE ratio of 28.67 and a beta of 1.02.

iShares MSCI USA Momentum Factor ETF 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.