PAX Financial Group LLC Purchases 5,683 Shares of iShares MSCI USA Momentum Factor ETF $MTUM

PAX Financial Group LLC increased its position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 14.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 46,025 shares of the company’s stock after buying an additional 5,683 shares during the quarter. iShares MSCI USA Momentum Factor ETF accounts for approximately 1.9% of PAX Financial Group LLC’s holdings, making the stock its 14th biggest holding. PAX Financial Group LLC owned about 0.06% of iShares MSCI USA Momentum Factor ETF worth $11,046,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Triumph Capital Management purchased a new stake in iShares MSCI USA Momentum Factor ETF during the 3rd quarter valued at $25,000. Cary Street Partners Financial LLC purchased a new position in shares of iShares MSCI USA Momentum Factor ETF in the fourth quarter valued at about $25,000. Dagco Inc. bought a new position in shares of iShares MSCI USA Momentum Factor ETF during the fourth quarter valued at about $25,000. Eagle Bay Advisors LLC bought a new position in shares of iShares MSCI USA Momentum Factor ETF during the fourth quarter valued at about $26,000. Finally, Financial Network Wealth Advisors LLC boosted its holdings in shares of iShares MSCI USA Momentum Factor ETF by 176.3% during the fourth quarter. Financial Network Wealth Advisors LLC now owns 105 shares of the company’s stock worth $26,000 after purchasing an additional 67 shares during the period.

iShares MSCI USA Momentum Factor ETF Stock Performance

iShares MSCI USA Momentum Factor ETF stock opened at $316.53 on Friday. The firm has a market cap of $23.11 billion, a P/E ratio of 28.67 and a beta of 1.02. iShares MSCI USA Momentum Factor ETF has a 1-year low of $229.42 and a 1-year high of $345.59. The firm has a 50-day moving average of $311.78 and a 200-day moving average of $273.67.

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.