Riggs Capital Management LLC Invests $754,000 in iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

Riggs Capital Management LLC purchased a new position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 3,644 shares of the company’s stock, valued at approximately $754,000.

Other large investors have also recently modified their holdings of the company. Duncker Streett & Co. Inc. purchased a new position in iShares MSCI USA Momentum Factor ETF in the 4th quarter worth approximately $25,000. Murphy & Mullick Capital Management Corp purchased a new position in shares of iShares MSCI USA Momentum Factor ETF in the fourth quarter worth $30,000. Mainstream Capital Management LLC bought a new stake in iShares MSCI USA Momentum Factor ETF during the 4th quarter valued at $31,000. Thurston Springer Miller Herd & Titak Inc. raised its holdings in iShares MSCI USA Momentum Factor ETF by 1,880.0% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 198 shares of the company’s stock valued at $41,000 after buying an additional 188 shares during the last quarter. Finally, AdvisorNet Financial Inc boosted its position in iShares MSCI USA Momentum Factor ETF by 51.4% during the 4th quarter. AdvisorNet Financial Inc now owns 218 shares of the company’s stock valued at $45,000 after buying an additional 74 shares during the period.

iShares MSCI USA Momentum Factor ETF Trading Down 3.9 %

MTUM stock opened at $200.78 on Monday. The firm’s 50-day moving average price is $214.93 and its two-hundred day moving average price is $210.68. The stock has a market capitalization of $13.80 billion, a price-to-earnings ratio of 27.42 and a beta of 0.99. iShares MSCI USA Momentum Factor ETF has a 12-month low of $168.49 and a 12-month high of $229.77.

About iShares MSCI USA Momentum Factor ETF

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.