Elevated Capital Advisors LLC Buys 766 Shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

Elevated Capital Advisors LLC grew its stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 67.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,910 shares of the company’s stock after purchasing an additional 766 shares during the quarter. Elevated Capital Advisors LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $387,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Woodmont Investment Counsel LLC bought a new position in shares of iShares MSCI USA Momentum Factor ETF in the first quarter valued at about $28,000. GAMMA Investing LLC bought a new position in shares of iShares MSCI USA Momentum Factor ETF in the first quarter valued at about $29,000. Abich Financial Wealth Management LLC bought a new position in shares of iShares MSCI USA Momentum Factor ETF in the second quarter valued at about $33,000. Signaturefd LLC raised its position in shares of iShares MSCI USA Momentum Factor ETF by 1,550.0% in the third quarter. Signaturefd LLC now owns 165 shares of the company’s stock valued at $33,000 after purchasing an additional 155 shares during the period. Finally, Wellington Shields & Co. LLC bought a new position in shares of iShares MSCI USA Momentum Factor ETF in the first quarter valued at about $42,000.

iShares MSCI USA Momentum Factor ETF Price Performance

Shares of MTUM opened at $207.51 on Thursday. The company’s 50-day moving average is $199.71 and its 200-day moving average is $192.32. iShares MSCI USA Momentum Factor ETF has a fifty-two week low of $81.37 and a fifty-two week high of $113.60. The firm has a market capitalization of $11.24 billion, a PE ratio of 18.53 and a beta of 1.10.

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.