Freedom Investment Management Inc. Buys 583 Shares of iShares MSCI USA Momentum Factor ETF $MTUM

Freedom Investment Management Inc. lifted its stake in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 18.2% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,791 shares of the company’s stock after acquiring an additional 583 shares during the quarter. Freedom Investment Management Inc.’s holdings in iShares MSCI USA Momentum Factor ETF were worth $911,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in the stock. Mullooly Asset Management Inc. bought a new position in shares of iShares MSCI USA Momentum Factor ETF during the first quarter worth about $2,162,511,000. Raymond James Financial Inc. raised its position in shares of iShares MSCI USA Momentum Factor ETF by 5.5% during the first quarter. Raymond James Financial Inc. now owns 2,929,874 shares of the company’s stock worth $592,215,000 after acquiring an additional 151,872 shares during the last quarter. LPL Financial LLC raised its position in shares of iShares MSCI USA Momentum Factor ETF by 0.3% during the first quarter. LPL Financial LLC now owns 1,960,110 shares of the company’s stock worth $396,197,000 after acquiring an additional 5,473 shares during the last quarter. Assetmark Inc. raised its position in shares of iShares MSCI USA Momentum Factor ETF by 3.5% during the first quarter. Assetmark Inc. now owns 1,812,820 shares of the company’s stock worth $366,425,000 after acquiring an additional 61,915 shares during the last quarter. Finally, State of Michigan Retirement System raised its position in shares of iShares MSCI USA Momentum Factor ETF by 0.3% during the first quarter. State of Michigan Retirement System now owns 1,295,090 shares of the company’s stock worth $261,777,000 after acquiring an additional 4,200 shares during the last quarter.

iShares MSCI USA Momentum Factor ETF Price Performance

BATS MTUM opened at $255.50 on Friday. The business has a 50 day simple moving average of $250.97 and a 200 day simple moving average of $235.45. iShares MSCI USA Momentum Factor ETF has a one year low of $168.49 and a one year high of $240.99. The stock has a market capitalization of $18.65 billion, a P/E ratio of 28.67 and a beta of 1.02.

About iShares MSCI USA Momentum Factor ETF

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.