Farther Finance Advisors LLC Buys 11,794 Shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

Farther Finance Advisors LLC boosted its stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 926.5% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 13,067 shares of the company’s stock after purchasing an additional 11,794 shares during the quarter. Farther Finance Advisors LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $2,704,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. EverSource Wealth Advisors LLC lifted its position in shares of iShares MSCI USA Momentum Factor ETF by 1,061.2% in the fourth quarter. EverSource Wealth Advisors LLC now owns 778 shares of the company’s stock worth $161,000 after buying an additional 711 shares in the last quarter. Sequoia Financial Advisors LLC bought a new stake in iShares MSCI USA Momentum Factor ETF in the 4th quarter worth approximately $34,404,000. Summit X LLC raised its holdings in shares of iShares MSCI USA Momentum Factor ETF by 1,416.6% during the 4th quarter. Summit X LLC now owns 22,142 shares of the company’s stock worth $4,582,000 after acquiring an additional 20,682 shares in the last quarter. Wealthfront Advisers LLC boosted its position in shares of iShares MSCI USA Momentum Factor ETF by 3,594.6% during the 4th quarter. Wealthfront Advisers LLC now owns 36,835 shares of the company’s stock valued at $7,622,000 after acquiring an additional 35,838 shares during the last quarter. Finally, Sollinda Capital Management LLC boosted its position in shares of iShares MSCI USA Momentum Factor ETF by 2.0% during the 4th quarter. Sollinda Capital Management LLC now owns 4,175 shares of the company’s stock valued at $864,000 after acquiring an additional 81 shares during the last quarter.

iShares MSCI USA Momentum Factor ETF Stock Performance

Shares of MTUM opened at $199.96 on Thursday. The stock has a market capitalization of $14.35 billion, a PE ratio of 28.87 and a beta of 0.98. The company’s fifty day moving average is $216.34 and its 200 day moving average is $209.60. iShares MSCI USA Momentum Factor ETF has a fifty-two week low of $168.49 and a fifty-two week high of $229.77.

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.