NewEdge Advisors LLC increased its stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM – Free Report) by 6.0% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 398,773 shares of the company’s stock after purchasing an additional 22,679 shares during the period. NewEdge Advisors LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $95,702,000 as of its most recent SEC filing.
Several other large investors have also recently bought and sold shares of MTUM. Cary Street Partners Financial LLC acquired a new stake in shares of iShares MSCI USA Momentum Factor ETF in the 4th quarter valued at $25,000. Triumph Capital Management acquired a new position in shares of iShares MSCI USA Momentum Factor ETF during the third quarter valued at $25,000. Eagle Bay Advisors LLC acquired a new position in shares of iShares MSCI USA Momentum Factor ETF during the fourth quarter valued at $26,000. Financial Network Wealth Advisors LLC boosted its holdings in iShares MSCI USA Momentum Factor ETF by 176.3% in the fourth quarter. Financial Network Wealth Advisors LLC now owns 105 shares of the company’s stock valued at $26,000 after acquiring an additional 67 shares during the last quarter. Finally, Turtle Creek Wealth Advisors LLC bought a new position in iShares MSCI USA Momentum Factor ETF in the first quarter valued at about $26,000.
iShares MSCI USA Momentum Factor ETF Stock Down 1.1%
Shares of MTUM stock opened at $309.98 on Thursday. The stock has a 50-day moving average price of $317.62 and a 200 day moving average price of $282.77. The firm has a market cap of $22.63 billion, a price-to-earnings 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.
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.
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