Claro Advisors Inc. Purchases 10,485 Shares of iShares MSCI USA Momentum Factor ETF $MTUM

Claro Advisors Inc. lifted its position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 76.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 24,111 shares of the company’s stock after buying an additional 10,485 shares during the quarter. iShares MSCI USA Momentum Factor ETF comprises approximately 0.8% of Claro Advisors Inc.’s holdings, making the stock its 25th biggest position. Claro Advisors Inc.’s holdings in iShares MSCI USA Momentum Factor ETF were worth $6,035,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in MTUM. Bison Wealth LLC grew 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 valued at $651,000 after buying an additional 133 shares in the last quarter. Empowered Funds LLC bought a new position in iShares MSCI USA Momentum Factor ETF during the first quarter worth $2,488,000. Russell Investments Group Ltd. boosted its position in iShares MSCI USA Momentum Factor ETF by 15.1% during the second quarter. Russell Investments Group Ltd. now owns 973 shares of the company’s stock worth $234,000 after purchasing an additional 128 shares during the period. First Trust Advisors LP bought a new position in iShares MSCI USA Momentum Factor ETF during the second quarter worth $350,000. Finally, Qube Research & Technologies Ltd boosted its position in iShares MSCI USA Momentum Factor ETF by 543.9% during the second quarter. Qube Research & Technologies Ltd now owns 127,461 shares of the company’s stock worth $30,631,000 after purchasing an additional 107,665 shares during the period.

iShares MSCI USA Momentum Factor ETF Price Performance

MTUM stock opened at $328.27 on Thursday. The company has a fifty day moving average price of $296.23 and a two-hundred day moving average price of $267.03. iShares MSCI USA Momentum Factor ETF has a one year low of $229.42 and a one year high of $336.10. The stock has a market cap of $23.96 billion, a price-to-earnings ratio of 28.67 and a beta of 1.02.

iShares MSCI USA Momentum Factor ETF Company 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.