Swmg LLC Raises Stock Position in iShares MSCI USA Momentum Factor ETF $MTUM

Swmg LLC boosted its position in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 69.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 34,121 shares of the company’s stock after acquiring an additional 13,993 shares during the period. iShares MSCI USA Momentum Factor ETF accounts for about 2.4% of Swmg LLC’s holdings, making the stock its 12th biggest position. Swmg LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $8,649,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Bison Wealth LLC increased its holdings in shares of iShares MSCI USA Momentum Factor ETF by 4.4% in the 4th quarter. Bison Wealth LLC now owns 3,148 shares of the company’s stock worth $651,000 after buying an additional 133 shares during the last quarter. Empowered Funds LLC bought a new position in shares of iShares MSCI USA Momentum Factor ETF in the 1st quarter worth $2,488,000. Russell Investments Group Ltd. increased its holdings in shares of iShares MSCI USA Momentum Factor ETF by 15.1% in the 2nd quarter. Russell Investments Group Ltd. now owns 973 shares of the company’s stock worth $234,000 after buying an additional 128 shares during the last quarter. First Trust Advisors LP bought a new position in shares of iShares MSCI USA Momentum Factor ETF in the 2nd quarter worth $350,000. Finally, Qube Research & Technologies Ltd increased its holdings in shares of iShares MSCI USA Momentum Factor ETF by 543.9% in the 2nd quarter. Qube Research & Technologies Ltd now owns 127,461 shares of the company’s stock worth $30,631,000 after buying an additional 107,665 shares during the last quarter.

iShares MSCI USA Momentum Factor ETF Price Performance

Shares of BATS:MTUM opened at $313.33 on Thursday. The company’s fifty day moving average price is $273.25 and its 200-day moving average price is $259.16. The firm has a market capitalization of $22.87 billion, a price-to-earnings ratio of 28.67 and a beta of 1.02. iShares MSCI USA Momentum Factor ETF has a one year low of $228.53 and a one year high of $317.25.

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.