Csenge Advisory Group Raises Stock Holdings in iShares MSCI USA Momentum Factor ETF $MTUM

Csenge Advisory Group lifted its position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 12.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 32,031 shares of the company’s stock after purchasing an additional 3,530 shares during the quarter. Csenge Advisory Group’s holdings in iShares MSCI USA Momentum Factor ETF were worth $8,018,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. HighTower Advisors LLC lifted its holdings in shares of iShares MSCI USA Momentum Factor ETF by 0.6% in the 4th quarter. HighTower Advisors LLC now owns 35,775 shares of the company’s stock valued at $8,955,000 after buying an additional 205 shares during the period. Envestnet Portfolio Solutions Inc. lifted its holdings in shares of iShares MSCI USA Momentum Factor ETF by 55.3% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 721,042 shares of the company’s stock valued at $180,484,000 after buying an additional 256,639 shares during the period. Spectrum Strategic Capital Management LLC acquired a new position in shares of iShares MSCI USA Momentum Factor ETF in the 4th quarter valued at about $996,000. Aegis Wealth Management Inc. purchased a new position in shares of iShares MSCI USA Momentum Factor ETF in the 4th quarter valued at about $287,000. Finally, Soltis Investment Advisors LLC purchased a new position in shares of iShares MSCI USA Momentum Factor ETF in the 4th quarter valued at about $670,000.

iShares MSCI USA Momentum Factor ETF Stock Down 1.3%

Shares of iShares MSCI USA Momentum Factor ETF stock opened at $294.32 on Tuesday. iShares MSCI USA Momentum Factor ETF has a twelve month low of $223.47 and a twelve month high of $307.96. The business has a 50-day moving average price of $265.07 and a 200 day moving average price of $256.61. The firm has a market cap of $21.49 billion, a PE ratio of 28.67 and a beta of 1.02.

iShares MSCI USA Momentum Factor ETF Company 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.