Waverly Advisors LLC Grows Holdings in iShares MSCI USA Momentum Factor ETF $MTUM

Waverly Advisors LLC lifted its stake in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 5.9% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 59,470 shares of the company’s stock after buying an additional 3,321 shares during the quarter. Waverly Advisors LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $20,388,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Waystone Advisors LLC acquired a new position in shares of iShares MSCI USA Momentum Factor ETF in the 4th quarter valued at about $1,040,000. Summit Wealth Group LLC Co. acquired a new stake in iShares MSCI USA Momentum Factor ETF during the fourth quarter worth about $1,840,000. Sound Portfolio Advisors LLC acquired a new stake in iShares MSCI USA Momentum Factor ETF during the fourth quarter worth about $6,230,000. Straight Path Wealth Management lifted its holdings in iShares MSCI USA Momentum Factor ETF by 3.5% in the fourth quarter. Straight Path Wealth Management now owns 72,195 shares of the company’s stock worth $18,071,000 after acquiring an additional 2,422 shares during the last quarter. Finally, World Investment Advisors lifted its holdings in iShares MSCI USA Momentum Factor ETF by 178.4% in the fourth quarter. World Investment Advisors now owns 31,860 shares of the company’s stock worth $7,975,000 after acquiring an additional 20,416 shares during the last quarter.

iShares MSCI USA Momentum Factor ETF Stock Up 1.3%

Shares of MTUM stock opened at $308.69 on Wednesday. The business has a 50 day moving average of $308.25 and a two-hundred day moving average of $291.48. iShares MSCI USA Momentum Factor ETF has a 52 week low of $229.42 and a 52 week high of $345.59. The company has a market cap of $22.53 billion, a P/E ratio of 28.67 and a beta of 1.02.

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.