Elevation Capital Advisory LLC Increases Stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

Elevation Capital Advisory LLC lifted its holdings in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 3.1% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 46,536 shares of the company’s stock after purchasing an additional 1,396 shares during the period. iShares MSCI USA Momentum Factor ETF accounts for about 4.1% of Elevation Capital Advisory LLC’s portfolio, making the stock its 7th largest position. Elevation Capital Advisory LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $9,629,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in MTUM. Duncker Streett & Co. Inc. acquired a new position in shares of iShares MSCI USA Momentum Factor ETF during the fourth quarter valued at $25,000. Mainstream Capital Management LLC acquired a new position in shares of iShares MSCI USA Momentum Factor ETF during the fourth quarter valued at $31,000. Thurston Springer Miller Herd & Titak Inc. lifted its stake in shares of iShares MSCI USA Momentum Factor ETF by 1,880.0% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 198 shares of the company’s stock valued at $41,000 after acquiring an additional 188 shares during the period. Capital Performance Advisors LLP acquired a new position in shares of iShares MSCI USA Momentum Factor ETF during the third quarter valued at $43,000. Finally, AdvisorNet Financial Inc lifted its stake in shares of iShares MSCI USA Momentum Factor ETF by 51.4% during the fourth quarter. AdvisorNet Financial Inc now owns 218 shares of the company’s stock valued at $45,000 after acquiring an additional 74 shares during the period.

iShares MSCI USA Momentum Factor ETF Stock Down 2.2 %

Shares of MTUM opened at $204.30 on Friday. iShares MSCI USA Momentum Factor ETF has a 12-month low of $168.49 and a 12-month high of $229.77. The firm has a market capitalization of $14.66 billion, a PE ratio of 28.87 and a beta of 0.98. The stock’s fifty day simple moving average is $217.17 and its 200-day simple moving average is $209.46.

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.