iShares MSCI USA Momentum Factor ETF $MTUM Stock: Private Advisory Group LLC Grows Holdings

Private Advisory Group LLC raised its holdings in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 802.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 43,965 shares of the company’s stock after buying an additional 39,091 shares during the period. Private Advisory Group LLC owned about 0.06% of iShares MSCI USA Momentum Factor ETF worth $13,952,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in MTUM. Sequoia Financial Advisors LLC increased its holdings in iShares MSCI USA Momentum Factor ETF by 6.7% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 103,852 shares of the company’s stock worth $35,604,000 after purchasing an additional 6,557 shares in the last quarter. Legacy Wealth Managment LLC ID lifted its holdings in shares of iShares MSCI USA Momentum Factor ETF by 772.6% in the second quarter. Legacy Wealth Managment LLC ID now owns 4,293 shares of the company’s stock valued at $1,472,000 after purchasing an additional 3,801 shares in the last quarter. Nan Shan Life Insurance Co. Ltd. purchased a new position in shares of iShares MSCI USA Momentum Factor ETF during the second quarter valued at approximately $18,576,000. First Heartland Consultants Inc. boosted its position in shares of iShares MSCI USA Momentum Factor ETF by 149.9% during the third quarter. First Heartland Consultants Inc. now owns 42,697 shares of the company’s stock valued at $13,550,000 after buying an additional 25,614 shares during the last quarter. Finally, Shah Wealth Advisors LLC bought a new stake in iShares MSCI USA Momentum Factor ETF during the second quarter worth $16,707,000.

iShares MSCI USA Momentum Factor ETF Trading Up 0.1%

Shares of iShares MSCI USA Momentum Factor ETF stock opened at $69.36 on Friday. The company has a market capitalization of $17.24 billion, a P/E ratio of 20.77 and a beta of 1.09. The stock has a fifty day simple moving average of $75.16 and a 200 day simple moving average of $72.59. iShares MSCI USA Momentum Factor ETF has a 12-month low of $57.35 and a 12-month high of $86.40.

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.