iShares MSCI USA Momentum Factor ETF $MTUM Shares Bought by Cornerstone Planning Group LLC

Cornerstone Planning Group LLC grew its holdings in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 44.8% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 10,522 shares of the company’s stock after purchasing an additional 3,256 shares during the quarter. Cornerstone Planning Group LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $2,525,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Corient Private Wealth LLC increased its stake in iShares MSCI USA Momentum Factor ETF by 185.9% in the fourth quarter. Corient Private Wealth LLC now owns 2,048,917 shares of the company’s stock valued at $512,864,000 after purchasing an additional 1,332,181 shares during the last quarter. LPL Financial LLC increased its stake in shares of 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 valued at $823,985,000 after acquiring an additional 652,414 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of 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 during the period. Envestnet Portfolio Solutions Inc. lifted its holdings in shares of 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 during the period. Finally, CWM LLC boosted its position in shares of iShares MSCI USA Momentum Factor ETF by 25.3% in the fourth 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 during the last quarter.

iShares MSCI USA Momentum Factor ETF Stock Performance

MTUM opened at $302.09 on Friday. iShares MSCI USA Momentum Factor ETF has a 1 year low of $229.42 and a 1 year high of $345.59. The company’s 50 day simple moving average is $317.45 and its 200 day simple moving average is $278.11. The stock has a market capitalization of $22.05 billion, a PE ratio of 28.67 and a beta of 1.02.

iShares MSCI USA Momentum Factor ETF 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.