RDA Financial Network Makes New $866,000 Investment in iShares MSCI USA Momentum Factor ETF $MTUM

RDA Financial Network acquired a new stake in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) in the second quarter, according to the company in its most recent filing with the SEC. The firm acquired 2,526 shares of the company’s stock, valued at approximately $866,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Corient Private Wealth LLC boosted its stake in shares of 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 worth $512,864,000 after buying an additional 1,332,181 shares during the last quarter. LPL Financial LLC raised its position in iShares MSCI USA Momentum Factor ETF by 24.7% during the fourth 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 in the last quarter. JPMorgan Chase & Co. raised its position in iShares MSCI USA Momentum Factor ETF by 32.2% during the fourth quarter. JPMorgan Chase & Co. now owns 1,151,084 shares of the company’s stock valued at $288,128,000 after acquiring an additional 280,192 shares in the last quarter. Envestnet Portfolio Solutions Inc. lifted its holdings in iShares MSCI USA Momentum Factor ETF by 55.3% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 721,042 shares of the company’s stock valued at $180,484,000 after acquiring an additional 256,639 shares during the period. Finally, CWM LLC lifted its holdings in 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 valued at $285,710,000 after acquiring an additional 230,310 shares during the period.

iShares MSCI USA Momentum Factor ETF Trading Up 0.7%

iShares MSCI USA Momentum Factor ETF stock opened at $301.78 on Tuesday. The firm has a market cap of $22.03 billion, a PE ratio of 28.67 and a beta of 1.02. iShares MSCI USA Momentum Factor ETF has a 12 month low of $229.42 and a 12 month high of $345.59. The stock’s 50 day simple moving average is $317.70 and its two-hundred day simple moving average is $281.99.

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.