Thrivent Financial for Lutherans boosted its holdings in iShares MSCI USA Momentum Factor ETF (BATS:MTUM – Free Report) by 9.4% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 97,013 shares of the company’s stock after acquiring an additional 8,322 shares during the quarter. Thrivent Financial for Lutherans’ holdings in iShares MSCI USA Momentum Factor ETF were worth $24,510,000 at the end of the most recent reporting period.
Other institutional investors have also added to or reduced their stakes in the company. Dagco Inc. bought a new position in iShares MSCI USA Momentum Factor ETF in the 4th quarter worth about $25,000. Triumph Capital Management bought a new position in iShares MSCI USA Momentum Factor ETF in the 3rd quarter worth about $25,000. Eagle Bay Advisors LLC bought a new position in iShares MSCI USA Momentum Factor ETF in the 4th quarter worth about $26,000. United Financial Planning Group LLC bought a new position in iShares MSCI USA Momentum Factor ETF in the 3rd quarter worth about $28,000. Finally, Howe & Rusling Inc. increased its stake in iShares MSCI USA Momentum Factor ETF by 425.0% in the 3rd quarter. Howe & Rusling Inc. now owns 126 shares of the company’s stock worth $32,000 after acquiring an additional 102 shares during the last quarter.
iShares MSCI USA Momentum Factor ETF Stock Performance
Shares of iShares MSCI USA Momentum Factor ETF stock opened at $298.27 on Monday. The firm has a market capitalization of $21.77 billion, a PE ratio of 28.67 and a beta of 1.02. The business’s 50-day moving average price is $264.12 and its 200-day moving average price is $256.35. iShares MSCI USA Momentum Factor ETF has a 12 month low of $223.47 and a 12 month high of $307.96.
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.
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