Royal Bank of Canada Increases Stock Holdings in iShares MSCI USA Momentum Factor ETF $MTUM

Royal Bank of Canada increased its position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 5.6% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 507,713 shares of the company’s stock after acquiring an additional 26,884 shares during the quarter. Royal Bank of Canada owned about 0.70% of iShares MSCI USA Momentum Factor ETF worth $121,845,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Bison Wealth LLC lifted its stake in iShares MSCI USA Momentum Factor ETF by 4.4% in the 4th quarter. Bison Wealth LLC now owns 3,148 shares of the company’s stock worth $651,000 after purchasing an additional 133 shares in the last quarter. Empowered Funds LLC purchased a new position in shares of iShares MSCI USA Momentum Factor ETF during the 1st quarter valued at $2,488,000. Russell Investments Group Ltd. increased its holdings in shares of iShares MSCI USA Momentum Factor ETF by 15.1% in the second quarter. Russell Investments Group Ltd. now owns 973 shares of the company’s stock worth $234,000 after purchasing an additional 128 shares during the period. First Trust Advisors LP bought a new position in shares of iShares MSCI USA Momentum Factor ETF in the second quarter worth $350,000. Finally, Qube Research & Technologies Ltd increased its holdings in shares of iShares MSCI USA Momentum Factor ETF by 543.9% in the second quarter. Qube Research & Technologies Ltd now owns 127,461 shares of the company’s stock worth $30,631,000 after purchasing an additional 107,665 shares during the period.

iShares MSCI USA Momentum Factor ETF Stock Performance

Shares of MTUM stock opened at $298.77 on Friday. The company has a market capitalization of $21.81 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 $229.42 and a 52-week high of $345.59. The business’s fifty day moving average is $317.82 and its 200 day moving average is $281.40.

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.