Concurrent Investment Advisors LLC Purchases 334 Shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

Concurrent Investment Advisors LLC boosted its stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 20.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,949 shares of the company’s stock after purchasing an additional 334 shares during the quarter. Concurrent Investment Advisors LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $395,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Fortitude Family Office LLC raised its stake in iShares MSCI USA Momentum Factor ETF by 1,255.6% in the third quarter. Fortitude Family Office LLC now owns 122 shares of the company’s stock valued at $25,000 after purchasing an additional 113 shares in the last quarter. Abich Financial Wealth Management LLC purchased a new stake in iShares MSCI USA Momentum Factor ETF in the second quarter valued at approximately $33,000. Signaturefd LLC raised its stake in shares of iShares MSCI USA Momentum Factor ETF by 1,550.0% during the third quarter. Signaturefd LLC now owns 165 shares of the company’s stock worth $33,000 after acquiring an additional 155 shares in the last quarter. Wellington Shields & Co. LLC purchased a new position in shares of iShares MSCI USA Momentum Factor ETF during the first quarter worth approximately $42,000. Finally, Ashton Thomas Private Wealth LLC purchased a new position in shares of iShares MSCI USA Momentum Factor ETF during the second quarter worth approximately $48,000.

iShares MSCI USA Momentum Factor ETF Stock Performance

MTUM stock opened at $213.84 on Monday. The company has a market capitalization of $11.58 billion, a PE ratio of 18.53 and a beta of 1.10. iShares MSCI USA Momentum Factor ETF has a one year low of $81.37 and a one year high of $113.60. The company’s 50 day moving average price is $202.10 and its two-hundred day moving average price is $194.40.

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.