3,367 Shares in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) Bought by LifePlan Investment Advisors Inc.

LifePlan Investment Advisors Inc. purchased a new position in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) during the fourth quarter, Holdings Channel.com reports. The fund purchased 3,367 shares of the company’s stock, valued at approximately $697,000.

A number of other hedge funds have also recently added to or reduced their stakes in MTUM. Thurston Springer Miller Herd & Titak Inc. lifted its holdings 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 purchasing an additional 188 shares in the last quarter. AdvisorNet Financial Inc lifted its holdings in 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 purchasing an additional 74 shares in the last quarter. Vontobel Holding Ltd. purchased a new position in iShares MSCI USA Momentum Factor ETF during the fourth quarter valued at $432,000. Kingsview Wealth Management LLC raised its position in shares of iShares MSCI USA Momentum Factor ETF by 17.9% in the fourth quarter. Kingsview Wealth Management LLC now owns 1,330 shares of the company’s stock valued at $275,000 after buying an additional 202 shares during 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 valued at $4,582,000 after buying an additional 20,682 shares during the last quarter.

iShares MSCI USA Momentum Factor ETF Stock Up 4.5%

Shares of BATS MTUM opened at $218.47 on Monday. The firm has a 50-day simple moving average of $202.09 and a 200-day simple moving average of $210.08. The stock has a market capitalization of $15.93 billion, a price-to-earnings ratio of 28.96 and a beta of 1.00. iShares MSCI USA Momentum Factor ETF has a 52 week low of $168.49 and a 52 week high of $229.77.

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.