Legacy Trust Acquires New Holdings in iShares MSCI USA Momentum Factor ETF $MTUM

Legacy Trust bought a new position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) during the 3rd quarter, HoldingsChannel reports. The firm bought 2,060 shares of the company’s stock, valued at approximately $528,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Acropolis Investment Management LLC raised its stake in iShares MSCI USA Momentum Factor ETF by 4.5% during the 3rd quarter. Acropolis Investment Management LLC now owns 134,659 shares of the company’s stock worth $32,361,000 after buying an additional 5,813 shares during the period. Strategic Blueprint LLC increased its holdings in shares of iShares MSCI USA Momentum Factor ETF by 18.9% in the third quarter. Strategic Blueprint LLC now owns 30,074 shares of the company’s stock worth $7,713,000 after acquiring an additional 4,790 shares in the last quarter. Advocacy Wealth Management Services LLC increased its holdings in shares of iShares MSCI USA Momentum Factor ETF by 5.7% in the second quarter. Advocacy Wealth Management Services LLC now owns 88,416 shares of the company’s stock worth $21,248,000 after acquiring an additional 4,752 shares in the last quarter. Beacon Financial Group raised its position in shares of iShares MSCI USA Momentum Factor ETF by 11.0% during the third quarter. Beacon Financial Group now owns 22,212 shares of the company’s stock worth $5,696,000 after purchasing an additional 2,203 shares during the period. Finally, Cerity Partners LLC lifted its holdings in shares of iShares MSCI USA Momentum Factor ETF by 2.6% during the 3rd quarter. Cerity Partners LLC now owns 1,151,952 shares of the company’s stock valued at $295,418,000 after purchasing an additional 29,230 shares in the last quarter.

iShares MSCI USA Momentum Factor ETF Price Performance

BATS:MTUM opened at $257.15 on Friday. The business’s 50-day simple moving average is $249.98 and its 200-day simple moving average is $247.97. iShares MSCI USA Momentum Factor ETF has a fifty-two week low of $168.49 and a fifty-two week high of $240.99. The stock has a market capitalization of $18.77 billion, a PE 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. MTUM was launched on Apr 16, 2013 and is managed by BlackRock.