Fmr LLC Acquires 73,442 Shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

Fmr LLC raised its holdings in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 12.2% during the third quarter, Holdings Channel.com reports. The institutional investor owned 674,367 shares of the company’s stock after buying an additional 73,442 shares during the quarter. Fmr LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $136,735,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in MTUM. Comerica Bank increased its position in iShares MSCI USA Momentum Factor ETF by 15.7% during the 1st quarter. Comerica Bank now owns 19,273 shares of the company’s stock valued at $3,611,000 after purchasing an additional 2,617 shares during the period. Simplicity Wealth LLC increased its position in shares of iShares MSCI USA Momentum Factor ETF by 5.9% during the second quarter. Simplicity Wealth LLC now owns 8,512 shares of the company’s stock valued at $1,659,000 after buying an additional 478 shares during the period. Clarus Wealth Advisors bought a new position in iShares MSCI USA Momentum Factor ETF in the second quarter worth about $1,594,000. Symmetry Partners LLC lifted its holdings in iShares MSCI USA Momentum Factor ETF by 62.7% in the second quarter. Symmetry Partners LLC now owns 541,276 shares of the company’s stock worth $105,479,000 after buying an additional 208,691 shares during the period. Finally, Capital Planning LLC grew its holdings in shares of iShares MSCI USA Momentum Factor ETF by 0.9% during the 2nd quarter. Capital Planning LLC now owns 35,110 shares of the company’s stock worth $6,842,000 after acquiring an additional 316 shares during the period.

iShares MSCI USA Momentum Factor ETF Stock Up 0.2 %

MTUM opened at $215.27 on Wednesday. The stock has a market cap of $11.66 billion, a PE ratio of 18.53 and a beta of 1.10. The business has a 50 day moving average of $208.19 and a 200-day moving average of $198.20. iShares MSCI USA Momentum Factor ETF has a 52 week low of $81.37 and a 52 week high of $113.60.

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.