9,633 Shares in iShares MSCI USA Momentum Factor ETF $MTUM Purchased by Portfolio Resources Advisor Group Inc.

Portfolio Resources Advisor Group Inc. bought a new position in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 9,633 shares of the company’s stock, valued at approximately $2,411,000. iShares MSCI USA Momentum Factor ETF makes up approximately 2.4% of Portfolio Resources Advisor Group Inc.’s portfolio, making the stock its 12th largest position.

Several other hedge funds have also recently bought and sold shares of MTUM. Focus Partners Wealth lifted its stake in iShares MSCI USA Momentum Factor ETF by 2,939.7% during the 3rd quarter. Focus Partners Wealth now owns 927,145 shares of the company’s stock worth $237,766,000 after acquiring an additional 896,644 shares in the last quarter. LPL Financial LLC lifted its stake in iShares MSCI USA Momentum Factor ETF by 24.7% during the 4th 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 in the last quarter. JPMorgan Chase & Co. lifted its stake in iShares MSCI USA Momentum Factor ETF by 32.2% during the 4th quarter. JPMorgan Chase & Co. now owns 1,151,084 shares of the company’s stock worth $288,128,000 after acquiring an additional 280,192 shares in the last quarter. Envestnet Portfolio Solutions Inc. lifted its stake in iShares MSCI USA Momentum Factor ETF by 55.3% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 721,042 shares of the company’s stock worth $180,484,000 after acquiring an additional 256,639 shares in the last quarter. Finally, CWM LLC lifted its stake in iShares MSCI USA Momentum Factor ETF by 25.3% during the 4th quarter. CWM LLC now owns 1,141,425 shares of the company’s stock worth $285,710,000 after acquiring an additional 230,310 shares in the last quarter.

iShares MSCI USA Momentum Factor ETF Stock Performance

MTUM opened at $324.40 on Monday. The stock’s 50-day moving average price is $291.25 and its 200 day moving average price is $265.28. iShares MSCI USA Momentum Factor ETF has a 12-month low of $229.42 and a 12-month high of $331.49. The firm has a market cap of $23.68 billion, a price-to-earnings ratio of 28.67 and a beta of 1.02.

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.