Regal Investment Advisors LLC Raises Stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

Regal Investment Advisors LLC raised its stake in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 462.0% in the fourth quarter, Holdings Channel reports. The institutional investor owned 18,715 shares of the company’s stock after buying an additional 15,385 shares during the quarter. Regal Investment Advisors LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $3,873,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Thurston Springer Miller Herd & Titak Inc. grew its stake in 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 in the last quarter. AdvisorNet Financial Inc boosted its holdings in iShares MSCI USA Momentum Factor ETF by 51.4% in the 4th quarter. AdvisorNet Financial Inc now owns 218 shares of the company’s stock valued at $45,000 after purchasing an additional 74 shares during the period. Vontobel Holding Ltd. purchased a new position in shares of iShares MSCI USA Momentum Factor ETF during the 4th quarter valued at $432,000. Kingsview Wealth Management LLC grew its position in shares of iShares MSCI USA Momentum Factor ETF by 17.9% during the 4th quarter. Kingsview Wealth Management LLC now owns 1,330 shares of the company’s stock valued at $275,000 after purchasing an additional 202 shares in the last quarter. Finally, Summit X LLC raised its position in shares of iShares MSCI USA Momentum Factor ETF by 1,416.6% in the fourth quarter. Summit X LLC now owns 22,142 shares of the company’s stock worth $4,582,000 after buying an additional 20,682 shares in the last quarter.

iShares MSCI USA Momentum Factor ETF Stock Performance

BATS:MTUM opened at $198.14 on Tuesday. iShares MSCI USA Momentum Factor ETF has a 52-week low of $168.49 and a 52-week high of $229.77. The stock has a fifty day moving average of $208.20 and a 200 day moving average of $209.94. The firm has a market capitalization of $13.64 billion, a price-to-earnings ratio of 27.38 and a beta of 1.00.

iShares MSCI USA Momentum Factor ETF Company 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.