Cornerstone Planning Group LLC Raises Position in iShares MSCI USA Momentum Factor ETF $MTUM

Cornerstone Planning Group LLC raised its stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 70.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 7,266 shares of the company’s stock after purchasing an additional 2,998 shares during the quarter. Cornerstone Planning Group LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $1,890,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of MTUM. Triumph Capital Management bought a new position in shares of iShares MSCI USA Momentum Factor ETF in the third quarter worth $25,000. Dagco Inc. bought a new stake in iShares MSCI USA Momentum Factor ETF during the fourth quarter valued at $25,000. Eagle Bay Advisors LLC bought a new stake in iShares MSCI USA Momentum Factor ETF during the fourth quarter valued at $26,000. TFC Financial Management Inc. bought a new stake in iShares MSCI USA Momentum Factor ETF during the third quarter worth about $28,000. Finally, United Financial Planning Group LLC bought a new stake in iShares MSCI USA Momentum Factor ETF during the third quarter worth about $28,000.

iShares MSCI USA Momentum Factor ETF Trading Up 0.4%

MTUM opened at $285.09 on Friday. The company has a market cap of $20.81 billion, a P/E ratio of 28.67 and a beta of 1.02. The business’s 50-day moving average price is $255.43 and its 200-day moving average price is $253.40. iShares MSCI USA Momentum Factor ETF has a 12 month low of $212.60 and a 12 month high of $286.87.

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.