Thurston Springer Miller Herd & Titak Inc. Purchases 1,736 Shares of iShares MSCI USA Momentum Factor ETF $MTUM

Thurston Springer Miller Herd & Titak Inc. boosted its position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 17,360.0% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 1,746 shares of the company’s stock after purchasing an additional 1,736 shares during the period. Thurston Springer Miller Herd & Titak Inc.’s holdings in iShares MSCI USA Momentum Factor ETF were worth $599,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in MTUM. First Heartland Consultants Inc. grew its stake in shares of iShares MSCI USA Momentum Factor ETF by 1.0% during the 2nd quarter. First Heartland Consultants Inc. now owns 17,083 shares of the company’s stock worth $5,856,000 after acquiring an additional 176 shares during the period. Ryan Investment Management Inc. purchased a new stake in iShares MSCI USA Momentum Factor ETF in the 2nd quarter worth about $428,000. Factor Wealth Management LTD bought a new stake in iShares MSCI USA Momentum Factor ETF in the 2nd quarter valued at about $599,000. Clark Asset Management LLC raised its stake in iShares MSCI USA Momentum Factor ETF by 41.5% in the 2nd quarter. Clark Asset Management LLC now owns 2,127 shares of the company’s stock valued at $729,000 after acquiring an additional 624 shares during the period. Finally, First Citizens Financial Corp lifted its holdings in iShares MSCI USA Momentum Factor ETF by 3.3% during the second quarter. First Citizens Financial Corp now owns 4,449 shares of the company’s stock valued at $1,525,000 after purchasing an additional 142 shares during the last quarter.

iShares MSCI USA Momentum Factor ETF Stock Up 0.4%

BATS MTUM opened at $309.32 on Friday. The company has a market cap of $22.58 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 firm’s 50-day simple moving average is $317.36 and its two-hundred day simple moving average is $283.30.

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.