iShares MSCI USA Momentum Factor ETF $MTUM Shares Acquired by Beacon Financial Group

Beacon Financial Group boosted its holdings in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 5.0% in the 1st quarter, Holdings Channel reports. The firm owned 40,113 shares of the company’s stock after purchasing an additional 1,912 shares during the period. iShares MSCI USA Momentum Factor ETF accounts for about 1.0% of Beacon Financial Group’s investment portfolio, making the stock its 26th biggest holding. Beacon Financial Group’s holdings in iShares MSCI USA Momentum Factor ETF were worth $9,627,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of MTUM. Bison Wealth LLC grew its holdings in shares of iShares MSCI USA Momentum Factor ETF by 4.4% during the fourth quarter. Bison Wealth LLC now owns 3,148 shares of the company’s stock worth $651,000 after buying an additional 133 shares during the last quarter. Empowered Funds LLC purchased a new stake in iShares MSCI USA Momentum Factor ETF during the 1st quarter valued at approximately $2,488,000. Russell Investments Group Ltd. raised its stake in iShares MSCI USA Momentum Factor ETF by 15.1% during the 2nd quarter. Russell Investments Group Ltd. now owns 973 shares of the company’s stock valued at $234,000 after acquiring an additional 128 shares during the last quarter. First Trust Advisors LP purchased a new stake in iShares MSCI USA Momentum Factor ETF during the 2nd quarter valued at approximately $350,000. Finally, Qube Research & Technologies Ltd lifted its position in iShares MSCI USA Momentum Factor ETF by 543.9% during the 2nd quarter. Qube Research & Technologies Ltd now owns 127,461 shares of the company’s stock worth $30,631,000 after acquiring an additional 107,665 shares during the period.

iShares MSCI USA Momentum Factor ETF Trading Up 2.0%

Shares of MTUM stock opened at $321.20 on Friday. The business’s 50 day moving average is $314.91 and its two-hundred day moving average is $275.84. iShares MSCI USA Momentum Factor ETF has a twelve month low of $229.42 and a twelve month high of $345.59. The company has a market capitalization of $23.45 billion, a P/E ratio of 28.67 and a beta of 1.02.

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.