iShares MSCI USA Momentum Factor ETF $MTUM Shares Bought by Keystone Financial Group

Keystone Financial Group grew its stake in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 39.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 37,837 shares of the company’s stock after acquiring an additional 10,770 shares during the period. Keystone Financial Group owned about 0.05% of iShares MSCI USA Momentum Factor ETF worth $9,471,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Kingdom Financial Group LLC. acquired a new position in shares of iShares MSCI USA Momentum Factor ETF during the 4th quarter worth approximately $142,000. Signature Estate & Investment Advisors LLC raised its position in shares of iShares MSCI USA Momentum Factor ETF by 4.1% during the 4th quarter. Signature Estate & Investment Advisors LLC now owns 12,128 shares of the company’s stock worth $3,036,000 after purchasing an additional 482 shares during the last quarter. Global Retirement Partners LLC raised its position in shares of iShares MSCI USA Momentum Factor ETF by 242.5% during the 4th quarter. Global Retirement Partners LLC now owns 35,226 shares of the company’s stock worth $8,817,000 after purchasing an additional 24,940 shares during the last quarter. Seros Financial LLC raised its position in shares of iShares MSCI USA Momentum Factor ETF by 6.6% during the 4th quarter. Seros Financial LLC now owns 1,683 shares of the company’s stock worth $421,000 after purchasing an additional 104 shares during the last quarter. Finally, Northbridge Financial Group LLC acquired a new position in shares of iShares MSCI USA Momentum Factor ETF during the 4th quarter worth approximately $2,381,000.

iShares MSCI USA Momentum Factor ETF Stock Performance

Shares of MTUM opened at $302.16 on Friday. The stock has a fifty day moving average of $268.22 and a two-hundred day moving average of $257.51. The company has a market capitalization of $22.06 billion, a PE ratio of 28.67 and a beta of 1.02. iShares MSCI USA Momentum Factor ETF has a fifty-two week low of $223.47 and a fifty-two week high of $307.96.

iShares MSCI USA Momentum Factor ETF 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.