IFS Group LLC purchased a new stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM – Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 2,108 shares of the company’s stock, valued at approximately $506,000.
Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Cary Street Partners Financial LLC acquired a new stake in shares of iShares MSCI USA Momentum Factor ETF during the fourth quarter worth $25,000. Triumph Capital Management bought a new stake in iShares MSCI USA Momentum Factor ETF in the third quarter valued at about $25,000. Eagle Bay Advisors LLC acquired a new position in iShares MSCI USA Momentum Factor ETF in the fourth quarter valued at about $26,000. Financial Network Wealth Advisors LLC lifted its stake in iShares MSCI USA Momentum Factor ETF by 176.3% in the fourth quarter. Financial Network Wealth Advisors LLC now owns 105 shares of the company’s stock valued at $26,000 after buying an additional 67 shares during the period. Finally, Turtle Creek Wealth Advisors LLC bought a new position in iShares MSCI USA Momentum Factor ETF during the first quarter worth about $26,000.
iShares MSCI USA Momentum Factor ETF Trading Down 3.2%
iShares MSCI USA Momentum Factor ETF stock opened at $283.11 on Thursday. The firm has a market capitalization of $20.67 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 business has a 50-day moving average of $317.89 and a 200-day moving average of $281.11.
iShares MSCI USA Momentum Factor ETF 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.
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