SpiderRock Advisors LLC bought a new position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM – Free Report) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 3,642 shares of the company’s stock, valued at approximately $739,000.
Several other institutional investors and hedge funds have also recently modified their holdings of MTUM. Fortitude Family Office LLC raised its holdings in iShares MSCI USA Momentum Factor ETF by 1,255.6% during the 3rd quarter. Fortitude Family Office LLC now owns 122 shares of the company’s stock valued at $25,000 after buying an additional 113 shares during the last quarter. Signaturefd LLC increased its holdings in iShares MSCI USA Momentum Factor ETF by 1,550.0% during the 3rd quarter. Signaturefd LLC now owns 165 shares of the company’s stock valued at $33,000 after purchasing an additional 155 shares during the period. Abich Financial Wealth Management LLC bought a new position in iShares MSCI USA Momentum Factor ETF during the 2nd quarter valued at approximately $33,000. Capital Performance Advisors LLP purchased a new stake in iShares MSCI USA Momentum Factor ETF in the 3rd quarter worth approximately $43,000. Finally, Wellington Shields & Co. LLC bought a new stake in shares of iShares MSCI USA Momentum Factor ETF in the 1st quarter worth approximately $42,000.
iShares MSCI USA Momentum Factor ETF Stock Performance
MTUM opened at $213.84 on Monday. The stock has a market capitalization of $11.58 billion, a PE ratio of 18.53 and a beta of 1.10. The stock’s 50 day moving average price is $202.10 and its 200-day moving average price is $194.40. iShares MSCI USA Momentum Factor ETF has a 52-week low of $81.37 and a 52-week high of $113.60.
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.
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