Foundations Investment Advisors LLC Has $100.23 Million Holdings in iShares MSCI USA Momentum Factor ETF $MTUM

Foundations Investment Advisors LLC boosted its stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 55.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 400,402 shares of the company’s stock after purchasing an additional 143,329 shares during the quarter. iShares MSCI USA Momentum Factor ETF comprises 1.3% of Foundations Investment Advisors LLC’s investment portfolio, making the stock its 16th biggest position. Foundations Investment Advisors LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $100,225,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of MTUM. Focus Partners Wealth raised its stake in iShares MSCI USA Momentum Factor ETF by 2,939.7% in the third quarter. Focus Partners Wealth now owns 927,145 shares of the company’s stock valued at $237,766,000 after purchasing an additional 896,644 shares in the last quarter. Envestnet Portfolio Solutions Inc. raised its stake in iShares MSCI USA Momentum Factor ETF by 55.3% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 721,042 shares of the company’s stock valued at $180,484,000 after purchasing an additional 256,639 shares in the last quarter. CWM LLC raised its stake in iShares MSCI USA Momentum Factor ETF by 25.3% in the fourth quarter. CWM LLC now owns 1,141,425 shares of the company’s stock valued at $285,710,000 after purchasing an additional 230,310 shares in the last quarter. Park Avenue Securities LLC raised its stake in iShares MSCI USA Momentum Factor ETF by 35.7% in the fourth quarter. Park Avenue Securities LLC now owns 711,023 shares of the company’s stock valued at $177,976,000 after purchasing an additional 187,155 shares in the last quarter. Finally, Symmetry Partners LLC raised its stake in iShares MSCI USA Momentum Factor ETF by 71.8% in the fourth quarter. Symmetry Partners LLC now owns 416,566 shares of the company’s stock valued at $104,271,000 after purchasing an additional 174,074 shares in the last quarter.

iShares MSCI USA Momentum Factor ETF Stock Down 0.2%

MTUM stock opened at $313.33 on Thursday. The company has a market cap of $22.87 billion, a PE ratio of 28.67 and a beta of 1.02. The business has a 50-day simple moving average of $273.25 and a 200 day simple moving average of $259.16. iShares MSCI USA Momentum Factor ETF has a 52 week low of $228.53 and a 52 week high of $317.25.

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.