iShares MSCI USA Momentum Factor ETF $MTUM Position Increased by High Probability Advisors LLC

High Probability Advisors LLC grew its position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 1.4% in the third quarter, HoldingsChannel reports. The institutional investor owned 318,438 shares of the company’s stock after purchasing an additional 4,422 shares during the period. iShares MSCI USA Momentum Factor ETF makes up 11.2% of High Probability Advisors LLC’s holdings, making the stock its 2nd biggest position. High Probability Advisors LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $81,663,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in MTUM. Harbor Investment Advisory LLC grew its stake in iShares MSCI USA Momentum Factor ETF by 262.2% in the 2nd quarter. Harbor Investment Advisory LLC now owns 163 shares of the company’s stock valued at $39,000 after acquiring an additional 118 shares during the last quarter. WFA of San Diego LLC acquired a new stake in shares of iShares MSCI USA Momentum Factor ETF in the second quarter valued at approximately $46,000. GAMMA Investing LLC grew its position in shares of iShares MSCI USA Momentum Factor ETF by 45.0% in the second quarter. GAMMA Investing LLC now owns 216 shares of the company’s stock valued at $52,000 after purchasing an additional 67 shares during the last quarter. Hilltop National Bank purchased a new position in shares of iShares MSCI USA Momentum Factor ETF during the 2nd quarter worth approximately $55,000. Finally, Fortitude Family Office LLC raised its position in shares of iShares MSCI USA Momentum Factor ETF by 109.0% during the 2nd quarter. Fortitude Family Office LLC now owns 255 shares of the company’s stock worth $61,000 after purchasing an additional 133 shares during the last quarter.

iShares MSCI USA Momentum Factor ETF Stock Performance

iShares MSCI USA Momentum Factor ETF stock opened at $253.41 on Tuesday. iShares MSCI USA Momentum Factor ETF has a fifty-two week low of $168.49 and a fifty-two week high of $240.99. The stock has a fifty day moving average of $250.05 and a two-hundred day moving average of $245.87. The company has a market capitalization of $18.50 billion, a price-to-earnings ratio of 28.67 and a beta of 1.02.

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. MTUM was launched on Apr 16, 2013 and is managed by BlackRock.