Tactive Advisors LLC Buys 6,007 Shares of iShares MSCI USA Momentum Factor ETF $MTUM

Tactive Advisors LLC lifted its stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 31.9% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 24,821 shares of the company’s stock after purchasing an additional 6,007 shares during the quarter. iShares MSCI USA Momentum Factor ETF accounts for about 1.9% of Tactive Advisors LLC’s investment portfolio, making the stock its 9th largest holding. Tactive Advisors LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $7,877,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the company. Financial Network Wealth Advisors LLC lifted its position in shares of iShares MSCI USA Momentum Factor ETF by 176.3% in the 4th quarter. Financial Network Wealth Advisors LLC now owns 105 shares of the company’s stock valued at $26,000 after acquiring an additional 67 shares in the last quarter. Turtle Creek Wealth Advisors LLC acquired a new stake in iShares MSCI USA Momentum Factor ETF during the 1st quarter valued at $26,000. Indiana Trust & Investment Management Co acquired a new stake in iShares MSCI USA Momentum Factor ETF during the 1st quarter valued at $26,000. Fairway Wealth LLC purchased a new stake in shares of iShares MSCI USA Momentum Factor ETF in the second quarter valued at $36,000. Finally, Morling Financial Advisors LLC purchased a new stake in shares of iShares MSCI USA Momentum Factor ETF in the second quarter valued at $50,000.

iShares MSCI USA Momentum Factor ETF Stock Performance

Shares of MTUM stock traded down $6.66 on Thursday, reaching $315.76. 281,015 shares of the company’s stock traded hands, compared to its average volume of 1,236,279. iShares MSCI USA Momentum Factor ETF has a 12-month low of $229.42 and a 12-month high of $345.59. The company has a market capitalization of $23.05 billion, a P/E ratio of 28.67 and a beta of 1.02. The business’s 50 day moving average price is $309.24 and its two-hundred day moving average price is $300.99.

iShares MSCI USA Momentum Factor ETF’s stock is scheduled to split on the morning of Thursday, November 5th. The 4-1 split was recently announced. The newly minted shares will be distributed to shareholders after the closing bell on Wednesday, November 4th.

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. MTUM was launched on Apr 16, 2013 and is managed by BlackRock.