Sovereign Financial Group Inc. Buys 2,891 Shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

Sovereign Financial Group Inc. lifted its position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 201.5% during the fourth quarter, HoldingsChannel.com reports. The fund owned 4,326 shares of the company’s stock after purchasing an additional 2,891 shares during the period. Sovereign Financial Group Inc.’s holdings in iShares MSCI USA Momentum Factor ETF were worth $895,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Signaturefd LLC increased its holdings in shares of iShares MSCI USA Momentum Factor ETF by 1,550.0% in the third quarter. Signaturefd LLC now owns 165 shares of the company’s stock worth $33,000 after acquiring an additional 155 shares in the last quarter. Arizona PSPRS Trust grew its position in shares of iShares MSCI USA Momentum Factor ETF by 2.0% in the 3rd quarter. Arizona PSPRS Trust now owns 362,613 shares of the company’s stock valued at $73,523,000 after purchasing an additional 7,115 shares during the period. Benjamin F. Edwards & Company Inc. increased its stake in iShares MSCI USA Momentum Factor ETF by 407.5% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 4,060 shares of the company’s stock worth $791,000 after purchasing an additional 3,260 shares in the last quarter. Mercer Global Advisors Inc. ADV raised its holdings in iShares MSCI USA Momentum Factor ETF by 2.9% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 7,551,417 shares of the company’s stock worth $1,463,815,000 after buying an additional 213,637 shares during the period. Finally, Northwestern Mutual Wealth Management Co. lifted its stake in iShares MSCI USA Momentum Factor ETF by 2.4% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 203,140 shares of the company’s stock valued at $39,586,000 after buying an additional 4,802 shares in the last quarter.

iShares MSCI USA Momentum Factor ETF Stock Up 1.0 %

iShares MSCI USA Momentum Factor ETF stock opened at $208.99 on Wednesday. iShares MSCI USA Momentum Factor ETF has a twelve month low of $81.37 and a twelve month high of $113.60. The company has a 50 day moving average of $211.70 and a 200-day moving average of $202.24. The stock has a market capitalization of $11.32 billion, a PE ratio of 18.53 and a beta of 1.10.

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.