US Bancorp DE Boosts Stake in iShares MSCI USA Momentum Factor ETF $MTUM

US Bancorp DE lifted its stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 34.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 100,538 shares of the company’s stock after purchasing an additional 25,906 shares during the quarter. US Bancorp DE owned about 0.14% of iShares MSCI USA Momentum Factor ETF worth $25,166,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in MTUM. Triumph Capital Management bought a new stake in shares of iShares MSCI USA Momentum Factor ETF in the 3rd quarter worth approximately $25,000. Dagco Inc. bought a new stake in shares of iShares MSCI USA Momentum Factor ETF in the 4th quarter worth approximately $25,000. Eagle Bay Advisors LLC bought a new stake in shares of iShares MSCI USA Momentum Factor ETF in the 4th quarter worth approximately $26,000. TFC Financial Management Inc. bought a new stake in shares of iShares MSCI USA Momentum Factor ETF in the 3rd quarter worth approximately $28,000. Finally, United Financial Planning Group LLC bought a new stake in shares of iShares MSCI USA Momentum Factor ETF in the 3rd quarter worth approximately $28,000.

iShares MSCI USA Momentum Factor ETF Stock Up 0.4%

Shares of MTUM opened at $285.09 on Friday. The business’s 50 day moving average price is $255.43 and its 200-day moving average price is $253.40. iShares MSCI USA Momentum Factor ETF has a 52 week low of $212.60 and a 52 week high of $286.87. The stock has a market cap of $20.81 billion, a P/E 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.