New York Life Investment Management LLC Has $41.73 Million Position in iShares MSCI USA Momentum Factor ETF $MTUM

New York Life Investment Management LLC raised its position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 10.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 166,692 shares of the company’s stock after purchasing an additional 15,382 shares during the period. New York Life Investment Management LLC owned approximately 0.23% of iShares MSCI USA Momentum Factor ETF worth $41,725,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Caprock Group LLC bought a new stake in iShares MSCI USA Momentum Factor ETF in the 3rd quarter valued at $3,283,000. Braun Bostich & Associates Inc. increased its holdings in iShares MSCI USA Momentum Factor ETF by 63.4% during the 4th quarter. Braun Bostich & Associates Inc. now owns 11,497 shares of the company’s stock worth $2,878,000 after purchasing an additional 4,463 shares in the last quarter. BCGM Wealth Management LLC increased its holdings in iShares MSCI USA Momentum Factor ETF by 45.0% during the 4th quarter. BCGM Wealth Management LLC now owns 25,663 shares of the company’s stock worth $6,424,000 after purchasing an additional 7,960 shares in the last quarter. Cypress Wealth Services LLC raised its stake in shares of iShares MSCI USA Momentum Factor ETF by 63.6% in the 4th quarter. Cypress Wealth Services LLC now owns 14,772 shares of the company’s stock valued at $3,698,000 after purchasing an additional 5,740 shares during the period. Finally, Blalock Williams LLC acquired a new stake in shares of iShares MSCI USA Momentum Factor ETF in the 3rd quarter valued at about $895,000.

iShares MSCI USA Momentum Factor ETF Price Performance

Shares of iShares MSCI USA Momentum Factor ETF stock opened at $307.25 on Friday. The firm has a market cap of $22.43 billion, a price-to-earnings ratio of 28.67 and a beta of 1.02. The stock’s 50-day moving average is $263.17 and its 200-day moving average is $256.07. iShares MSCI USA Momentum Factor ETF has a one year low of $223.47 and a one year high of $307.96.

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.