First National Bank & Trust Co. of Newtown Boosts Stake in iShares MSCI USA Momentum Factor ETF $MTUM

First National Bank & Trust Co. of Newtown increased its position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 15.7% in the 2nd quarter, Holdings Channel reports. The firm owned 5,595 shares of the company’s stock after buying an additional 760 shares during the period. First National Bank & Trust Co. of Newtown’s holdings in iShares MSCI USA Momentum Factor ETF were worth $1,345,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in MTUM. Cullen Frost Bankers Inc. purchased a new stake in shares of iShares MSCI USA Momentum Factor ETF in the 1st quarter valued at about $26,000. Compass Wealth Management LLC acquired a new position in iShares MSCI USA Momentum Factor ETF in the 1st quarter valued at about $30,000. Cornerstone Planning Group LLC increased its position in iShares MSCI USA Momentum Factor ETF by 140.3% in the 1st quarter. Cornerstone Planning Group LLC now owns 149 shares of the company’s stock valued at $30,000 after acquiring an additional 87 shares during the period. Halbert Hargrove Global Advisors LLC acquired a new position in iShares MSCI USA Momentum Factor ETF in the 1st quarter valued at about $33,000. Finally, Harbor Investment Advisory LLC increased its position in iShares MSCI USA Momentum Factor ETF by 262.2% in the 2nd quarter. Harbor Investment Advisory LLC now owns 163 shares of the company’s stock valued at $39,000 after acquiring an additional 118 shares during the period.

iShares MSCI USA Momentum Factor ETF Stock Up 22.5%

Shares of MTUM stock opened at $256.01 on Thursday. The stock has a market capitalization of $18.69 billion, a PE ratio of 28.67 and a beta of 1.02. iShares MSCI USA Momentum Factor ETF has a 52-week low of $168.49 and a 52-week high of $240.99. The stock’s 50-day moving average price is $247.26 and its 200 day moving average price is $229.14.

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.