IFG Advisory LLC Has $6.06 Million Position in iShares MSCI USA Momentum Factor ETF $MTUM

IFG Advisory LLC lifted its holdings in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 9.4% during the second quarter, HoldingsChannel reports. The firm owned 25,208 shares of the company’s stock after acquiring an additional 2,174 shares during the quarter. IFG Advisory LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $6,058,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. Envestnet Asset Management Inc. raised its position in shares of iShares MSCI USA Momentum Factor ETF by 9.5% during the second quarter. Envestnet Asset Management Inc. now owns 12,639,702 shares of the company’s stock worth $3,037,545,000 after purchasing an additional 1,094,104 shares during the period. Mullooly Asset Management Inc. bought a new stake in shares of iShares MSCI USA Momentum Factor ETF during the first quarter worth $2,162,511,000. Raymond James Financial Inc. increased 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 in the last quarter. LPL Financial LLC increased 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 in the last quarter. Finally, Assetmark Inc. increased its position in shares of iShares MSCI USA Momentum Factor ETF by 2.4% during the second quarter. Assetmark Inc. now owns 1,855,684 shares of the company’s stock worth $445,958,000 after acquiring an additional 42,864 shares in the last quarter.

iShares MSCI USA Momentum Factor ETF Stock Up 21.3%

Shares of MTUM stock opened at $253.55 on Friday. The firm has a fifty day moving average of $252.09 and a 200-day moving average of $237.48. iShares MSCI USA Momentum Factor ETF has a 12-month low of $168.49 and a 12-month high of $240.99. The company has a market capitalization of $18.51 billion, a price-to-earnings ratio of 28.67 and a beta of 1.02.

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.