Synergy Asset Management LLC Purchases New Position in iShares MSCI USA Momentum Factor ETF $MTUM

Synergy Asset Management LLC purchased a new position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) in the second quarter, HoldingsChannel reports. The fund purchased 7,615 shares of the company’s stock, valued at approximately $2,611,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Corient Private Wealth LLC boosted its position in iShares MSCI USA Momentum Factor ETF by 185.9% during the 4th 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 in the last quarter. LPL Financial LLC lifted its stake in shares of iShares MSCI USA Momentum Factor ETF by 24.7% in the 4th quarter. LPL Financial LLC now owns 3,291,857 shares of the company’s stock valued at $823,985,000 after purchasing an additional 652,414 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of iShares MSCI USA Momentum Factor ETF by 32.2% in the 4th quarter. JPMorgan Chase & Co. now owns 1,151,084 shares of the company’s stock valued at $288,128,000 after purchasing an additional 280,192 shares during the period. Envestnet Portfolio Solutions Inc. boosted its position in shares of iShares MSCI USA Momentum Factor ETF by 55.3% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 721,042 shares of the company’s stock valued at $180,484,000 after purchasing an additional 256,639 shares in the last quarter. Finally, CWM LLC boosted its position in shares of iShares MSCI USA Momentum Factor ETF by 25.3% during the fourth quarter. CWM LLC now owns 1,141,425 shares of the company’s stock valued at $285,710,000 after purchasing an additional 230,310 shares in the last quarter.

iShares MSCI USA Momentum Factor ETF Stock Up 0.4%

Shares of MTUM stock opened at $316.03 on Friday. The stock has a market cap of $23.07 billion, a price-to-earnings ratio of 28.67 and a beta of 1.02. The business’s fifty day moving average is $316.33 and its 200 day moving average is $285.07. iShares MSCI USA Momentum Factor ETF has a twelve month low of $229.42 and a twelve month high of $345.59.

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.