PFG Investments LLC Purchases New Position in iShares MSCI USA Momentum Factor ETF $MTUM

PFG Investments LLC acquired a new position in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) during the 3rd quarter, Holdings Channel reports. The fund acquired 3,205 shares of the company’s stock, valued at approximately $822,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. TFC Financial Management Inc. bought a new position in shares of iShares MSCI USA Momentum Factor ETF in the third quarter worth about $28,000. WFA of San Diego LLC bought a new position in iShares MSCI USA Momentum Factor ETF in the 2nd quarter worth about $46,000. GAMMA Investing LLC grew its stake in iShares MSCI USA Momentum Factor ETF by 45.0% in the 2nd quarter. GAMMA Investing LLC now owns 216 shares of the company’s stock worth $52,000 after acquiring an additional 67 shares in the last quarter. Hilltop National Bank purchased a new position in shares of iShares MSCI USA Momentum Factor ETF during the second quarter worth approximately $55,000. Finally, MassMutual Private Wealth & Trust FSB raised its stake in shares of iShares MSCI USA Momentum Factor ETF by 397.8% during the third quarter. MassMutual Private Wealth & Trust FSB now owns 224 shares of the company’s stock valued at $57,000 after acquiring an additional 179 shares in the last quarter.

iShares MSCI USA Momentum Factor ETF Stock Performance

Shares of BATS MTUM opened at $257.00 on Tuesday. iShares MSCI USA Momentum Factor ETF has a 52-week low of $168.49 and a 52-week high of $240.99. The firm has a market capitalization of $18.76 billion, a price-to-earnings ratio of 28.67 and a beta of 1.02. The stock has a 50 day moving average price of $251.69 and a 200 day moving average price of $249.52.

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