Tactive Advisors LLC Purchases New Position in iShares MSCI USA Momentum Factor ETF $MTUM

Tactive Advisors LLC acquired a new position in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 24,185 shares of the company’s stock, valued at approximately $5,812,000. iShares MSCI USA Momentum Factor ETF makes up approximately 1.9% of Tactive Advisors LLC’s portfolio, making the stock its 11th biggest holding.

A number of other hedge funds and other institutional investors also recently made changes to their positions in MTUM. Geneos Wealth Management Inc. grew its holdings in shares of iShares MSCI USA Momentum Factor ETF by 43.9% in the 2nd quarter. Geneos Wealth Management Inc. now owns 18,315 shares of the company’s stock worth $4,401,000 after purchasing an additional 5,583 shares during the last quarter. Hershey Financial Advisers LLC bought a new stake in iShares MSCI USA Momentum Factor ETF during the second quarter worth about $470,000. Kestra Investment Management LLC increased its holdings in shares of iShares MSCI USA Momentum Factor ETF by 230.6% during the second quarter. Kestra Investment Management LLC now owns 112,661 shares of the company’s stock worth $27,075,000 after buying an additional 78,585 shares in the last quarter. Strategic Investment Advisors MI raised its stake in shares of iShares MSCI USA Momentum Factor ETF by 9.2% in the second quarter. Strategic Investment Advisors MI now owns 37,660 shares of the company’s stock valued at $9,065,000 after acquiring an additional 3,182 shares during the last quarter. Finally, Tower Research Capital LLC TRC raised its stake in shares of iShares MSCI USA Momentum Factor ETF by 1,809,250.0% in the second quarter. Tower Research Capital LLC TRC now owns 72,374 shares of the company’s stock valued at $17,393,000 after acquiring an additional 72,370 shares during the last quarter.

iShares MSCI USA Momentum Factor ETF Price Performance

Shares of MTUM opened at $249.49 on Friday. The business’s 50 day simple moving average is $250.78 and its 200-day simple moving average is $245.10. iShares MSCI USA Momentum Factor ETF has a one year low of $168.49 and a one year high of $240.99. The company has a market capitalization of $18.21 billion, a P/E ratio of 28.67 and a beta of 1.02.

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.