Tempo Wealth LLC acquired a new position in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM – Free Report) in the fourth quarter, HoldingsChannel reports. The fund acquired 10,305 shares of the company’s stock, valued at approximately $2,580,000.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Dagco Inc. purchased a new position in iShares MSCI USA Momentum Factor ETF in the fourth quarter valued at about $25,000. Triumph Capital Management purchased a new stake in shares of iShares MSCI USA Momentum Factor ETF during the 3rd quarter valued at about $25,000. Cary Street Partners Financial LLC acquired a new position in iShares MSCI USA Momentum Factor ETF during the 4th quarter worth approximately $25,000. Eagle Bay Advisors LLC acquired a new position in iShares MSCI USA Momentum Factor ETF during the 4th quarter worth approximately $26,000. Finally, Financial Network Wealth Advisors LLC boosted its holdings in iShares MSCI USA Momentum Factor ETF by 176.3% in the 4th quarter. Financial Network Wealth Advisors LLC now owns 105 shares of the company’s stock worth $26,000 after acquiring an additional 67 shares during the period.
iShares MSCI USA Momentum Factor ETF Stock Up 3.1%
Shares of BATS:MTUM opened at $338.52 on Friday. The company has a market capitalization of $24.71 billion, a price-to-earnings ratio of 28.67 and a beta of 1.02. The company has a 50 day moving average of $298.01 and a two-hundred day moving average of $267.65. iShares MSCI USA Momentum Factor ETF has a 52-week low of $229.42 and a 52-week high of $339.83.
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.
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Want to see what other hedge funds are holding MTUM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares MSCI USA Momentum Factor ETF (BATS:MTUM – Free Report).
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