iShares MSCI USA Momentum Factor ETF (BATS:MTUM) Shares Bought by Allworth Financial LP

Allworth Financial LP boosted its position in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 1.4% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,742 shares of the company’s stock after buying an additional 132 shares during the quarter. Allworth Financial LP’s holdings in iShares MSCI USA Momentum Factor ETF were worth $2,163,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in MTUM. Exchange Traded Concepts LLC purchased a new stake in iShares MSCI USA Momentum Factor ETF in the 3rd quarter worth approximately $78,000. Foundations Investment Advisors LLC increased its stake in shares of iShares MSCI USA Momentum Factor ETF by 5.1% in the third quarter. Foundations Investment Advisors LLC now owns 65,117 shares of the company’s stock worth $13,203,000 after purchasing an additional 3,163 shares during the period. Signaturefd LLC raised its stake in iShares MSCI USA Momentum Factor ETF by 1,550.0% during the 3rd quarter. Signaturefd LLC now owns 165 shares of the company’s stock valued at $33,000 after purchasing an additional 155 shares during the last quarter. Elevated Capital Advisors LLC increased its holdings in shares of iShares MSCI USA Momentum Factor ETF by 67.0% during the 3rd quarter. Elevated Capital Advisors LLC now owns 1,910 shares of the company’s stock worth $387,000 after purchasing an additional 766 shares during the period. Finally, Detalus Advisors LLC grew its position in iShares MSCI USA Momentum Factor ETF by 1.2% during the third quarter. Detalus Advisors LLC now owns 11,598 shares of the company’s stock worth $2,352,000 after buying an additional 141 shares in the last quarter.

iShares MSCI USA Momentum Factor ETF Trading Up 9.7 %

MTUM opened at $229.31 on Wednesday. The stock has a market cap of $12.42 billion, a PE ratio of 18.53 and a beta of 1.10. iShares MSCI USA Momentum Factor ETF has a 1 year low of $81.37 and a 1 year high of $113.60. The stock’s 50 day simple moving average is $215.50 and its 200-day simple moving average is $206.79.

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.