PAX Financial Group LLC Grows Stake in iShares MSCI USA Momentum Factor ETF $MTUM

PAX Financial Group LLC increased its position in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 66.1% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 40,342 shares of the company’s stock after buying an additional 16,054 shares during the quarter. iShares MSCI USA Momentum Factor ETF comprises 1.7% of PAX Financial Group LLC’s investment portfolio, making the stock its 14th biggest holding. PAX Financial Group LLC owned about 0.06% of iShares MSCI USA Momentum Factor ETF worth $10,098,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Dagco Inc. purchased a new position in iShares MSCI USA Momentum Factor ETF during the 4th quarter worth approximately $25,000. Triumph Capital Management purchased a new position in iShares MSCI USA Momentum Factor ETF during the 3rd quarter worth approximately $25,000. Eagle Bay Advisors LLC purchased a new position in iShares MSCI USA Momentum Factor ETF during the 4th quarter worth approximately $26,000. United Financial Planning Group LLC purchased a new position in iShares MSCI USA Momentum Factor ETF during the 3rd quarter worth approximately $28,000. Finally, Howe & Rusling Inc. grew its stake in iShares MSCI USA Momentum Factor ETF by 425.0% during the 3rd quarter. Howe & Rusling Inc. now owns 126 shares of the company’s stock worth $32,000 after buying an additional 102 shares during the last quarter.

iShares MSCI USA Momentum Factor ETF Stock Up 0.6%

BATS:MTUM opened at $307.25 on Friday. The stock’s 50 day moving average price is $263.17 and its 200 day moving average price is $256.07. The company has a market capitalization of $22.43 billion, a PE ratio of 28.67 and a beta of 1.02. iShares MSCI USA Momentum Factor ETF has a 52-week low of $223.47 and a 52-week high of $307.96.

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.