Truist Financial Corp Acquires 5,676 Shares of iShares MSCI USA Momentum Factor ETF $MTUM

Truist Financial Corp lifted its holdings in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 4.8% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 124,440 shares of the company’s stock after buying an additional 5,676 shares during the period. Truist Financial Corp’s holdings in iShares MSCI USA Momentum Factor ETF were worth $31,913,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Acropolis Investment Management LLC lifted its stake in shares of iShares MSCI USA Momentum Factor ETF by 4.5% in the 3rd quarter. Acropolis Investment Management LLC now owns 134,659 shares of the company’s stock valued at $32,361,000 after purchasing an additional 5,813 shares during the last quarter. Strategic Blueprint LLC raised its holdings in 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 buying an additional 4,790 shares during the period. Advocacy Wealth Management Services LLC lifted its position in iShares MSCI USA Momentum Factor ETF by 5.7% in the second quarter. Advocacy Wealth Management Services LLC now owns 88,416 shares of the company’s stock worth $21,248,000 after buying an additional 4,752 shares during the last quarter. Beacon Financial Group lifted its position in iShares MSCI USA Momentum Factor ETF by 11.0% in the third quarter. Beacon Financial Group now owns 22,212 shares of the company’s stock worth $5,696,000 after buying an additional 2,203 shares during the last quarter. Finally, FLP Wealth Management LLC boosted its stake in iShares MSCI USA Momentum Factor ETF by 753.1% during the third quarter. FLP Wealth Management LLC now owns 12,566 shares of the company’s stock worth $3,223,000 after buying an additional 11,093 shares during the period.

iShares MSCI USA Momentum Factor ETF Stock Up 25.0%

MTUM stock opened at $261.18 on Friday. 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 market capitalization of $19.07 billion, a price-to-earnings ratio of 28.67 and a beta of 1.02. The firm’s fifty day simple moving average is $252.86 and its two-hundred day simple moving average is $249.84.

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.