Bfsg LLC Makes New $56,000 Investment in iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

Bfsg LLC bought a new position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 276 shares of the company’s stock, valued at approximately $56,000.

Several other hedge funds also recently bought and sold shares of MTUM. GAMMA Investing LLC acquired a new stake in iShares MSCI USA Momentum Factor ETF in the first quarter worth $29,000. Mather Group LLC. bought a new stake in shares of iShares MSCI USA Momentum Factor ETF during the first quarter worth $80,000. RFG Advisory LLC bought a new stake in shares of iShares MSCI USA Momentum Factor ETF during the first quarter worth $700,000. &PARTNERS bought a new stake in shares of iShares MSCI USA Momentum Factor ETF during the first quarter worth $236,000. Finally, Anderson Hoagland & Co. increased its position in shares of iShares MSCI USA Momentum Factor ETF by 6.8% during the first quarter. Anderson Hoagland & Co. now owns 23,045 shares of the company’s stock worth $4,267,000 after acquiring an additional 1,477 shares in the last quarter.

iShares MSCI USA Momentum Factor ETF Stock Up 0.4 %

Shares of MTUM stock opened at $209.40 on Friday. The firm has a fifty day moving average of $198.52 and a 200-day moving average of $191.82. iShares MSCI USA Momentum Factor ETF has a 12-month low of $81.37 and a 12-month high of $113.60. The company has a market capitalization of $11.34 billion, a price-to-earnings ratio of 18.53 and a beta of 1.10.

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.