LPL Financial LLC Raises Position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

LPL Financial LLC grew its position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 215.4% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 1,954,637 shares of the company’s stock after buying an additional 1,334,851 shares during the period. LPL Financial LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $404,454,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Duncker Streett & Co. Inc. purchased a new position in iShares MSCI USA Momentum Factor ETF in the fourth quarter worth about $25,000. Mainstream Capital Management LLC purchased a new position in iShares MSCI USA Momentum Factor ETF in the fourth quarter worth about $31,000. Thurston Springer Miller Herd & Titak Inc. grew its stake in shares of iShares MSCI USA Momentum Factor ETF by 1,880.0% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 198 shares of the company’s stock worth $41,000 after acquiring an additional 188 shares during the period. AdvisorNet Financial Inc grew its stake in shares of iShares MSCI USA Momentum Factor ETF by 51.4% in the fourth quarter. AdvisorNet Financial Inc now owns 218 shares of the company’s stock worth $45,000 after acquiring an additional 74 shares during the period. Finally, Realta Investment Advisors bought a new stake in shares of iShares MSCI USA Momentum Factor ETF in the fourth quarter worth approximately $49,000.

iShares MSCI USA Momentum Factor ETF Stock Down 2.1 %

Shares of MTUM stock opened at $204.64 on Friday. The company has a 50 day moving average price of $215.34 and a 200-day moving average price of $209.94. iShares MSCI USA Momentum Factor ETF has a 52 week low of $168.49 and a 52 week high of $229.77. The firm has a market capitalization of $14.07 billion, a PE ratio of 27.42 and a beta of 0.99.

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.