iShares MSCI USA Momentum Factor ETF $MTUM Shares Acquired by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC increased its stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 37.0% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 572,521 shares of the company’s stock after acquiring an additional 154,687 shares during the quarter. Janney Montgomery Scott LLC owned approximately 0.78% of iShares MSCI USA Momentum Factor ETF worth $143,308,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of MTUM. Bison Wealth LLC grew its holdings in shares of iShares MSCI USA Momentum Factor ETF by 4.4% in the 4th quarter. Bison Wealth LLC now owns 3,148 shares of the company’s stock worth $651,000 after acquiring an additional 133 shares during the last quarter. Empowered Funds LLC acquired a new position in shares of iShares MSCI USA Momentum Factor ETF in the 1st quarter worth $2,488,000. Russell Investments Group Ltd. grew its holdings in shares of iShares MSCI USA Momentum Factor ETF by 15.1% in the 2nd quarter. Russell Investments Group Ltd. now owns 973 shares of the company’s stock worth $234,000 after acquiring an additional 128 shares during the last quarter. First Trust Advisors LP acquired a new position in shares of iShares MSCI USA Momentum Factor ETF in the 2nd quarter worth $350,000. Finally, Qube Research & Technologies Ltd grew its holdings in shares of iShares MSCI USA Momentum Factor ETF by 543.9% in 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 last quarter.

iShares MSCI USA Momentum Factor ETF Stock Down 2.2%

Shares of BATS MTUM opened at $304.92 on Thursday. The stock has a market capitalization of $22.26 billion, a price-to-earnings ratio of 28.67 and a beta of 1.02. The stock’s fifty day simple moving average is $288.09 and its 200 day simple moving average is $264.13. iShares MSCI USA Momentum Factor ETF has a 52-week low of $229.42 and a 52-week high of $331.49.

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.