SWP Financial LLC Acquires 5,861 Shares of iShares MSCI USA Momentum Factor ETF $MTUM

SWP Financial LLC raised its stake in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 63.1% during the fourth quarter, Holdings Channel reports. The firm owned 15,151 shares of the company’s stock after buying an additional 5,861 shares during the period. iShares MSCI USA Momentum Factor ETF comprises 1.9% of SWP Financial LLC’s holdings, making the stock its 17th biggest holding. SWP Financial LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $3,792,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Raymond James Financial Inc. lifted its position in shares of iShares MSCI USA Momentum Factor ETF by 4.1% during the 3rd quarter. Raymond James Financial Inc. now owns 3,063,251 shares of the company’s stock worth $785,571,000 after buying an additional 120,851 shares during the period. Ameriprise Financial Inc. grew its position in iShares MSCI USA Momentum Factor ETF by 7.4% in the third quarter. Ameriprise Financial Inc. now owns 1,321,883 shares of the company’s stock valued at $339,023,000 after acquiring an additional 90,841 shares during the period. Bank of America Corp DE grew its position in iShares MSCI USA Momentum Factor ETF by 8.3% in the third quarter. Bank of America Corp DE now owns 1,239,000 shares of the company’s stock valued at $317,742,000 after acquiring an additional 94,881 shares during the period. State of Michigan Retirement System grew its position in iShares MSCI USA Momentum Factor ETF by 1.4% in the third quarter. State of Michigan Retirement System now owns 1,223,490 shares of the company’s stock valued at $313,764,000 after acquiring an additional 17,400 shares during the period. Finally, Cerity Partners LLC grew its position in iShares MSCI USA Momentum Factor ETF by 2.6% in the third quarter. Cerity Partners LLC now owns 1,151,952 shares of the company’s stock valued at $295,418,000 after acquiring an additional 29,230 shares during the period.

iShares MSCI USA Momentum Factor ETF Price Performance

iShares MSCI USA Momentum Factor ETF stock opened at $245.24 on Thursday. The firm has a market capitalization of $17.90 billion, a P/E ratio of 28.67 and a beta of 1.02. The stock has a fifty day moving average price of $249.89 and a two-hundred day moving average price of $251.51. iShares MSCI USA Momentum Factor ETF has a 52-week low of $171.51 and a 52-week high of $262.10.

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.