iShares MSCI USA Momentum Factor ETF $MTUM Position Increased by MML Investors Services LLC

MML Investors Services LLC raised its holdings in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 10.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 694,449 shares of the company’s stock after purchasing an additional 63,584 shares during the period. MML Investors Services LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $173,828,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Triumph Capital Management bought a new stake in iShares MSCI USA Momentum Factor ETF during the third quarter valued at $25,000. Cary Street Partners Financial LLC bought a new stake in iShares MSCI USA Momentum Factor ETF during the fourth quarter valued at $25,000. Dagco Inc. bought a new stake in iShares MSCI USA Momentum Factor ETF during the fourth quarter valued at $25,000. Eagle Bay Advisors LLC bought a new stake in iShares MSCI USA Momentum Factor ETF during the fourth quarter valued at $26,000. Finally, Financial Network Wealth Advisors LLC grew its position in shares of iShares MSCI USA Momentum Factor ETF by 176.3% during the fourth quarter. Financial Network Wealth Advisors LLC now owns 105 shares of the company’s stock worth $26,000 after acquiring an additional 67 shares during the last quarter.

iShares MSCI USA Momentum Factor ETF Stock Performance

iShares MSCI USA Momentum Factor ETF stock opened at $324.40 on Monday. The company has a 50-day simple moving average of $291.25 and a 200-day simple moving average of $265.28. The firm has a market capitalization of $23.68 billion, a P/E ratio of 28.67 and a beta of 1.02. iShares MSCI USA Momentum Factor ETF has a one year low of $229.42 and a one year high of $331.49.

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. MTUM was launched on Apr 16, 2013 and is managed by BlackRock.