Elevated Financial Group LLC Acquires 2,423 Shares of iShares MSCI USA Momentum Factor ETF $MTUM

Elevated Financial Group LLC raised its holdings in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 7.0% in the second quarter, Holdings Channel.com reports. The institutional investor owned 36,880 shares of the company’s stock after purchasing an additional 2,423 shares during the quarter. iShares MSCI USA Momentum Factor ETF comprises about 3.5% of Elevated Financial Group LLC’s holdings, making the stock its 7th biggest position. Elevated Financial Group LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $12,644,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. Bison Wealth LLC lifted its stake in shares of iShares MSCI USA Momentum Factor ETF by 4.4% in the fourth quarter. Bison Wealth LLC now owns 3,148 shares of the company’s stock worth $651,000 after buying an additional 133 shares in the last quarter. Empowered Funds LLC acquired a new position in iShares MSCI USA Momentum Factor ETF during the first quarter worth about $2,488,000. Russell Investments Group Ltd. grew its stake in iShares MSCI USA Momentum Factor ETF by 15.1% during the 2nd quarter. Russell Investments Group Ltd. now owns 973 shares of the company’s stock valued at $234,000 after acquiring an additional 128 shares in the last quarter. First Trust Advisors LP purchased a new stake in iShares MSCI USA Momentum Factor ETF during the 2nd quarter valued at about $350,000. Finally, Qube Research & Technologies Ltd grew its stake in iShares MSCI USA Momentum Factor ETF by 543.9% during the 2nd quarter. Qube Research & Technologies Ltd now owns 127,461 shares of the company’s stock valued at $30,631,000 after acquiring an additional 107,665 shares in the last quarter.

iShares MSCI USA Momentum Factor ETF Trading Up 0.4%

MTUM stock opened at $316.03 on Friday. The firm has a 50-day moving average of $316.33 and a two-hundred day moving average of $285.07. iShares MSCI USA Momentum Factor ETF has a 12 month low of $229.42 and a 12 month high of $345.59. The company has a market cap of $23.07 billion, a price-to-earnings ratio of 28.67 and a beta of 1.02.

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.