IFS Group LLC Takes Position in iShares MSCI USA Momentum Factor ETF $MTUM

IFS Group LLC purchased a new stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 2,108 shares of the company’s stock, valued at approximately $506,000.

Several other institutional investors have also recently bought and sold shares of the stock. Mercer Global Advisors Inc. ADV boosted its position in iShares MSCI USA Momentum Factor ETF by 3.0% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 7,824,890 shares of the company’s stock valued at $1,958,649,000 after buying an additional 229,850 shares during the last quarter. LPL Financial LLC raised its position in shares of iShares MSCI USA Momentum Factor ETF by 24.7% during the fourth quarter. LPL Financial LLC now owns 3,291,857 shares of the company’s stock worth $823,985,000 after acquiring an additional 652,414 shares during the last quarter. Raymond James Financial Inc. lifted its stake in shares of iShares MSCI USA Momentum Factor ETF by 5.0% during the fourth quarter. Raymond James Financial Inc. now owns 3,215,974 shares of the company’s stock valued at $804,990,000 after acquiring an additional 152,723 shares during the period. Corient Private Wealth LLC lifted its stake in shares of iShares MSCI USA Momentum Factor ETF by 185.9% during the fourth quarter. Corient Private Wealth LLC now owns 2,048,917 shares of the company’s stock valued at $512,864,000 after acquiring an additional 1,332,181 shares during the period. Finally, Assetmark Inc. boosted its holdings in iShares MSCI USA Momentum Factor ETF by 2.5% in the fourth quarter. Assetmark Inc. now owns 1,502,409 shares of the company’s stock valued at $376,068,000 after acquiring an additional 37,278 shares during the last quarter.

iShares MSCI USA Momentum Factor ETF Stock Down 3.2%

iShares MSCI USA Momentum Factor ETF stock opened at $283.11 on Thursday. The business’s 50-day simple moving average is $317.89 and its 200 day simple moving average is $281.11. The stock has a market cap of $20.67 billion, a price-to-earnings ratio of 28.67 and a beta of 1.02. iShares MSCI USA Momentum Factor ETF has a 12-month low of $229.42 and a 12-month high of $345.59.

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.