Sovran Advisors LLC Raises Stock Holdings in iShares MSCI USA Momentum Factor ETF $MTUM

Sovran Advisors LLC increased its holdings in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 14.2% in the first quarter, according to its most recent filing with the SEC. The fund owned 24,107 shares of the company’s stock after acquiring an additional 2,992 shares during the period. Sovran Advisors LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $5,785,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the business. Triumph Capital Management bought a new position in shares of iShares MSCI USA Momentum Factor ETF in the third quarter worth about $25,000. Cary Street Partners Financial LLC bought a new stake in iShares MSCI USA Momentum Factor ETF during the 4th quarter valued at about $25,000. Dagco Inc. bought a new stake in iShares MSCI USA Momentum Factor ETF during the 4th quarter valued at about $25,000. Eagle Bay Advisors LLC purchased a new stake in iShares MSCI USA Momentum Factor ETF in the 4th quarter valued at about $26,000. Finally, Financial Network Wealth Advisors LLC boosted its position in iShares MSCI USA Momentum Factor ETF by 176.3% in the 4th quarter. Financial Network Wealth Advisors LLC now owns 105 shares of the company’s stock valued at $26,000 after buying an additional 67 shares during the period.

iShares MSCI USA Momentum Factor ETF Price Performance

MTUM stock traded up $0.57 during mid-day trading on Friday, reaching $321.77. The company had a trading volume of 1,102,428 shares, compared to its average volume of 1,094,758. The company has a market capitalization of $23.49 billion, a PE ratio of 28.67 and a beta of 1.02. The firm has a 50 day moving average of $315.79 and a 200 day moving average of $276.16. iShares MSCI USA Momentum Factor ETF has a 12 month low of $229.42 and a 12 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.