iShares MSCI USA Momentum Factor ETF $MTUM is Convergence Financial LLC’s 8th Largest Position

Convergence Financial LLC grew its stake in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 2.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 83,838 shares of the company’s stock after purchasing an additional 2,178 shares during the period. iShares MSCI USA Momentum Factor ETF comprises about 3.1% of Convergence Financial LLC’s holdings, making the stock its 8th biggest holding. Convergence Financial LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $20,986,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also modified their holdings of MTUM. Focus Partners Wealth lifted its holdings in shares of iShares MSCI USA Momentum Factor ETF by 2,939.7% during the third quarter. Focus Partners Wealth now owns 927,145 shares of the company’s stock valued at $237,766,000 after purchasing an additional 896,644 shares during the last quarter. Envestnet Portfolio Solutions Inc. lifted its stake in iShares MSCI USA Momentum Factor ETF by 55.3% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 721,042 shares of the company’s stock worth $180,484,000 after acquiring an additional 256,639 shares in the last quarter. CWM LLC lifted its stake in iShares MSCI USA Momentum Factor ETF by 25.3% in the 4th quarter. CWM LLC now owns 1,141,425 shares of the company’s stock worth $285,710,000 after acquiring an additional 230,310 shares in the last quarter. Park Avenue Securities LLC lifted its stake in iShares MSCI USA Momentum Factor ETF by 35.7% in the 4th quarter. Park Avenue Securities LLC now owns 711,023 shares of the company’s stock worth $177,976,000 after acquiring an additional 187,155 shares in the last quarter. Finally, Symmetry Partners LLC lifted its stake in iShares MSCI USA Momentum Factor ETF by 71.8% in the 4th quarter. Symmetry Partners LLC now owns 416,566 shares of the company’s stock worth $104,271,000 after acquiring an additional 174,074 shares in the last quarter.

iShares MSCI USA Momentum Factor ETF Trading Down 1.1%

Shares of iShares MSCI USA Momentum Factor ETF stock opened at $325.87 on Friday. The stock has a 50-day moving average price of $282.37 and a 200 day moving average price of $262.22. The company has a market cap of $23.79 billion, a P/E ratio of 28.67 and a beta of 1.02. iShares MSCI USA Momentum Factor ETF has a 1 year low of $229.29 and a 1 year high of $331.49.

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.