Cibc World Market Inc. lifted its stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM – Free Report) by 20.8% during the 4th quarter, HoldingsChannel reports. The fund owned 17,491 shares of the company’s stock after buying an additional 3,010 shares during the period. Cibc World Market Inc.’s holdings in iShares MSCI USA Momentum Factor ETF were worth $4,378,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also modified their holdings of the company. Triumph Capital Management acquired a new stake in shares of iShares MSCI USA Momentum Factor ETF in the third quarter worth $25,000. Cary Street Partners Financial LLC acquired a new stake in shares of iShares MSCI USA Momentum Factor ETF in the fourth quarter worth $25,000. Dagco Inc. acquired a new stake in shares of iShares MSCI USA Momentum Factor ETF in the fourth quarter worth $25,000. Eagle Bay Advisors LLC acquired a new stake in shares of iShares MSCI USA Momentum Factor ETF in the fourth quarter worth $26,000. Finally, United Financial Planning Group LLC acquired a new stake in shares of iShares MSCI USA Momentum Factor ETF in the third quarter worth $28,000.
iShares MSCI USA Momentum Factor ETF Stock Performance
Shares of iShares MSCI USA Momentum Factor ETF stock opened at $306.47 on Monday. The company’s fifty day simple moving average is $283.55 and its 200-day simple moving average is $262.66. The company has a market cap of $22.37 billion, a price-to-earnings ratio of 28.67 and a beta of 1.02. iShares MSCI USA Momentum Factor ETF has a 1 year low of $229.29 and a 1 year high of $331.49.
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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