International Assets Investment Management LLC Acquires Shares of 857 iShares MSCI USA Momentum Factor ETF $MTUM

International Assets Investment Management LLC acquired a new position in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor acquired 857 shares of the company’s stock, valued at approximately $206,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in MTUM. Mullooly Asset Management Inc. acquired a new stake in shares of iShares MSCI USA Momentum Factor ETF in the 1st quarter valued at about $2,162,511,000. CHURCHILL MANAGEMENT Corp acquired a new position in iShares MSCI USA Momentum Factor ETF during the second quarter worth approximately $220,286,000. Orgel Wealth Management LLC acquired a new position in iShares MSCI USA Momentum Factor ETF during the second quarter worth approximately $158,559,000. Park Avenue Securities LLC purchased a new stake in iShares MSCI USA Momentum Factor ETF in the second quarter valued at approximately $109,923,000. Finally, BNP Paribas Financial Markets boosted its holdings in shares of iShares MSCI USA Momentum Factor ETF by 102.6% in the first quarter. BNP Paribas Financial Markets now owns 642,494 shares of the company’s stock valued at $129,867,000 after acquiring an additional 325,369 shares during the period.

iShares MSCI USA Momentum Factor ETF Trading Up 21.1%

Shares of MTUM opened at $253.00 on Friday. The company’s 50 day simple moving average is $250.75 and its 200-day simple moving average is $234.94. The firm has a market cap of $18.47 billion, a PE ratio of 28.67 and a beta of 1.02. iShares MSCI USA Momentum Factor ETF has a 12-month low of $168.49 and a 12-month high of $240.99.

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.