IFP Advisors Inc Boosts Position in iShares MSCI USA Momentum Factor ETF $MTUM

IFP Advisors Inc increased its position in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 79.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 31,818 shares of the company’s stock after acquiring an additional 14,085 shares during the quarter. IFP Advisors Inc’s holdings in iShares MSCI USA Momentum Factor ETF were worth $10,908,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Baird Financial Group Inc. grew its stake in shares of iShares MSCI USA Momentum Factor ETF by 20.9% in the 2nd quarter. Baird Financial Group Inc. now owns 102,369 shares of the company’s stock valued at $35,095,000 after buying an additional 17,682 shares during the period. Arcus Capital Partners LLC acquired a new stake in shares of iShares MSCI USA Momentum Factor ETF during the 2nd quarter worth approximately $234,000. XY Planning Network Inc. raised its position in shares of iShares MSCI USA Momentum Factor ETF by 33.4% during the 2nd quarter. XY Planning Network Inc. now owns 1,721 shares of the company’s stock valued at $590,000 after buying an additional 431 shares during the period. Allworth Financial LP raised its position in shares of iShares MSCI USA Momentum Factor ETF by 3.6% during the 2nd quarter. Allworth Financial LP now owns 21,684 shares of the company’s stock valued at $7,434,000 after buying an additional 758 shares during the period. Finally, Waverly Advisors LLC lifted its holdings in iShares MSCI USA Momentum Factor ETF by 5.9% in the second quarter. Waverly Advisors LLC now owns 59,470 shares of the company’s stock valued at $20,388,000 after acquiring an additional 3,321 shares during the last quarter.

iShares MSCI USA Momentum Factor ETF Stock Performance

MTUM opened at $308.69 on Wednesday. The stock has a market capitalization of $22.53 billion, a PE ratio of 28.67 and a beta of 1.02. iShares MSCI USA Momentum Factor ETF has a one year low of $229.42 and a one year high of $345.59. The business’s 50 day moving average price is $308.25 and its 200 day moving average price is $291.48.

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.