Mirae Asset Global Investments Co. Ltd. Makes New $9.52 Million Investment in iShares MSCI USA Momentum Factor ETF $MTUM

Mirae Asset Global Investments Co. Ltd. purchased a new stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) in the 3rd quarter, HoldingsChannel reports. The fund purchased 30,000 shares of the company’s stock, valued at approximately $9,520,000.

Several other hedge funds also recently added to or reduced their stakes in MTUM. YANKCOM Partnership purchased a new stake in shares of iShares MSCI USA Momentum Factor ETF during the third quarter worth about $31,000. Fairway Wealth LLC bought a new stake in shares of iShares MSCI USA Momentum Factor ETF during the 2nd quarter worth $36,000. Morling Financial Advisors LLC acquired a new stake in shares of iShares MSCI USA Momentum Factor ETF in the second quarter worth $50,000. Kings Path Partners LLC acquired a new stake in shares of iShares MSCI USA Momentum Factor ETF during the 3rd quarter valued at about $61,000. Finally, Montgomery Financial Services LLC acquired a new position in iShares MSCI USA Momentum Factor ETF in the 2nd quarter valued at $62,000.

iShares MSCI USA Momentum Factor ETF Stock Down 2.0%

BATS:MTUM opened at $272.86 on Thursday. iShares MSCI USA Momentum Factor ETF has a 12-month low of $229.42 and a 12-month high of $345.59. The firm has a market capitalization of $19.92 billion, a PE ratio of 28.67 and a beta of 1.02. The firm has a 50-day moving average price of $304.81 and a 200 day moving average price of $290.06.

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.