7,261 Shares in iShares MSCI USA Momentum Factor ETF $MTUM Acquired by Modus Advisors LLC

Modus Advisors LLC acquired a new position in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 7,261 shares of the company’s stock, valued at approximately $1,818,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Raymond James Financial Inc. boosted its stake in iShares MSCI USA Momentum Factor ETF by 4.1% during the 3rd quarter. Raymond James Financial Inc. now owns 3,063,251 shares of the company’s stock worth $785,571,000 after acquiring an additional 120,851 shares during the last quarter. Assetmark Inc. raised its holdings in iShares MSCI USA Momentum Factor ETF by 2.5% during the 4th quarter. Assetmark Inc. now owns 1,502,409 shares of the company’s stock worth $376,068,000 after buying an additional 37,278 shares during the period. Ameriprise Financial Inc. raised its holdings in iShares MSCI USA Momentum Factor ETF by 7.4% during the 3rd quarter. Ameriprise Financial Inc. now owns 1,321,883 shares of the company’s stock worth $339,023,000 after buying an additional 90,841 shares during the period. State of Michigan Retirement System raised its holdings in iShares MSCI USA Momentum Factor ETF by 5.2% during the 4th quarter. State of Michigan Retirement System now owns 1,287,290 shares of the company’s stock worth $322,222,000 after buying an additional 63,800 shares during the period. Finally, Blue Trust Inc. raised its holdings in iShares MSCI USA Momentum Factor ETF by 9.6% during the 4th quarter. Blue Trust Inc. now owns 1,242,390 shares of the company’s stock worth $310,983,000 after buying an additional 108,825 shares during the period.

iShares MSCI USA Momentum Factor ETF Stock Performance

Shares of MTUM stock opened at $306.47 on Friday. The company has a market capitalization of $22.37 billion, a P/E ratio of 28.67 and a beta of 1.02. The company’s 50 day moving average price is $283.55 and its two-hundred day moving average price is $262.53. iShares MSCI USA Momentum Factor ETF has a 52 week low of $229.29 and a 52 week high of $331.49.

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.