iShares MSCI USA Momentum Factor ETF $MTUM Stake Increased by MML Investors Services LLC

MML Investors Services LLC increased its stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 10.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 694,449 shares of the company’s stock after buying an additional 63,584 shares during the period. MML Investors Services LLC owned about 0.95% of iShares MSCI USA Momentum Factor ETF worth $173,828,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Triumph Capital Management bought a new stake in shares of iShares MSCI USA Momentum Factor ETF in the third quarter worth $25,000. Cary Street Partners Financial LLC bought a new stake in shares of iShares MSCI USA Momentum Factor ETF in the fourth quarter worth $25,000. Dagco Inc. bought a new stake in shares of iShares MSCI USA Momentum Factor ETF in the fourth quarter worth $25,000. Eagle Bay Advisors LLC bought a new stake in shares of iShares MSCI USA Momentum Factor ETF in the fourth quarter worth $26,000. Finally, Financial Network Wealth Advisors LLC increased its stake in shares of iShares MSCI USA Momentum Factor ETF by 176.3% in the fourth quarter. Financial Network Wealth Advisors LLC now owns 105 shares of the company’s stock worth $26,000 after buying an additional 67 shares during the last quarter.

iShares MSCI USA Momentum Factor ETF Price Performance

MTUM stock opened at $324.40 on Monday. iShares MSCI USA Momentum Factor ETF has a 1-year low of $229.42 and a 1-year high of $331.49. The firm has a fifty day moving average price of $291.25 and a two-hundred day moving average price of $265.28. The firm has a market cap of $23.68 billion, a price-to-earnings 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.