49,002 Shares in iShares MSCI USA Momentum Factor ETF $MTUM Bought by Davidson Investment Advisors

Davidson Investment Advisors bought a new stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 49,002 shares of the company’s stock, valued at approximately $16,799,000.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Waystone Advisors LLC acquired a new stake in iShares MSCI USA Momentum Factor ETF in the fourth quarter worth $1,040,000. WealthShield Partners LLC grew its holdings in shares of iShares MSCI USA Momentum Factor ETF by 54.0% in the 4th quarter. WealthShield Partners LLC now owns 25,884 shares of the company’s stock valued at $6,479,000 after buying an additional 9,080 shares during the period. Blalock Williams LLC increased its position in shares of iShares MSCI USA Momentum Factor ETF by 64.7% in the 4th quarter. Blalock Williams LLC now owns 5,750 shares of the company’s stock valued at $1,439,000 after buying an additional 2,259 shares in the last quarter. Global Retirement Partners LLC increased its position in shares of iShares MSCI USA Momentum Factor ETF by 242.5% in the 4th quarter. Global Retirement Partners LLC now owns 35,226 shares of the company’s stock valued at $8,817,000 after buying an additional 24,940 shares in the last quarter. Finally, Clark Asset Management LLC bought a new stake in shares of iShares MSCI USA Momentum Factor ETF in the 1st quarter valued at $361,000.

iShares MSCI USA Momentum Factor ETF Price Performance

BATS MTUM opened at $299.71 on Friday. The firm has a market cap of $21.88 billion, a P/E ratio of 28.67 and a beta of 1.02. The stock’s 50-day moving average is $312.96 and its 200-day moving average is $288.84. iShares MSCI USA Momentum Factor ETF has a one year low of $229.42 and a one year high of $345.59.

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.