Tactive Advisors LLC Makes New Investment in iShares MSCI USA Momentum Factor ETF $MTUM

Tactive Advisors LLC bought a new stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 18,814 shares of the company’s stock, valued at approximately $6,450,000. iShares MSCI USA Momentum Factor ETF comprises 1.6% of Tactive Advisors LLC’s investment portfolio, making the stock its 14th biggest position.

Other hedge funds have also made changes to their positions in the company. Mercer Global Advisors Inc. ADV raised its position in shares of iShares MSCI USA Momentum Factor ETF by 3.0% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 7,824,890 shares of the company’s stock valued at $1,958,649,000 after buying an additional 229,850 shares during the period. LPL Financial LLC increased its stake in iShares MSCI USA Momentum Factor ETF by 24.7% during the fourth quarter. LPL Financial LLC now owns 3,291,857 shares of the company’s stock worth $823,985,000 after acquiring an additional 652,414 shares during the last quarter. Raymond James Financial Inc. increased its stake in iShares MSCI USA Momentum Factor ETF by 5.0% during the fourth quarter. Raymond James Financial Inc. now owns 3,215,974 shares of the company’s stock worth $804,990,000 after acquiring an additional 152,723 shares during the last quarter. Corient Private Wealth LLC raised its position in iShares MSCI USA Momentum Factor ETF by 185.9% in the fourth quarter. Corient Private Wealth LLC now owns 2,048,917 shares of the company’s stock valued at $512,864,000 after purchasing an additional 1,332,181 shares during the period. Finally, Assetmark Inc. lifted its stake in shares of iShares MSCI USA Momentum Factor ETF by 2.5% in the 4th quarter. Assetmark Inc. now owns 1,502,409 shares of the company’s stock valued at $376,068,000 after purchasing an additional 37,278 shares during the last quarter.

iShares MSCI USA Momentum Factor ETF Trading Up 0.4%

BATS MTUM opened at $309.32 on Friday. The stock has a fifty day simple moving average of $317.36 and a 200-day simple moving average of $283.30. The stock has a market cap of $22.58 billion, a PE ratio of 28.67 and a beta of 1.02. iShares MSCI USA Momentum Factor ETF has a twelve month low of $229.42 and a twelve month high of $345.59.

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.