Stage Harbor Financial LLC Invests $242,000 in iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

Stage Harbor Financial LLC purchased a new position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) in the 4th quarter, HoldingsChannel.com reports. The firm purchased 1,170 shares of the company’s stock, valued at approximately $242,000.

A number of other large investors also recently bought and sold shares of the business. Raymond James Financial Inc. purchased a new stake in shares of iShares MSCI USA Momentum Factor ETF in the fourth quarter worth $574,824,000. LPL Financial LLC boosted its holdings in shares of iShares MSCI USA Momentum Factor ETF by 215.4% during the 4th quarter. LPL Financial LLC now owns 1,954,637 shares of the company’s stock valued at $404,454,000 after acquiring an additional 1,334,851 shares during the last quarter. Assetmark Inc. grew its stake in shares of iShares MSCI USA Momentum Factor ETF by 3.4% in the fourth quarter. Assetmark Inc. now owns 1,750,905 shares of the company’s stock worth $362,297,000 after acquiring an additional 57,922 shares during the period. Blue Trust Inc. raised its holdings in shares of iShares MSCI USA Momentum Factor ETF by 7.2% during the fourth quarter. Blue Trust Inc. now owns 1,225,308 shares of the company’s stock valued at $253,541,000 after purchasing an additional 81,918 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its position in iShares MSCI USA Momentum Factor ETF by 204.8% during the fourth quarter. JPMorgan Chase & Co. now owns 1,128,104 shares of the company’s stock valued at $233,427,000 after purchasing an additional 758,024 shares during the period.

iShares MSCI USA Momentum Factor ETF Trading Down 3.9 %

BATS:MTUM opened at $200.78 on Friday. The company has a market cap of $13.80 billion, a PE ratio of 27.42 and a beta of 0.99. The company has a 50 day simple moving average of $214.93 and a two-hundred day simple moving average of $210.55. iShares MSCI USA Momentum Factor ETF has a 12 month low of $168.49 and a 12 month high of $229.77.

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.