Truist Financial Corp Purchases 35,158 Shares of iShares MSCI USA Momentum Factor ETF $MTUM

Truist Financial Corp grew its position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 28.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 159,598 shares of the company’s stock after purchasing an additional 35,158 shares during the period. Truist Financial Corp owned approximately 0.22% of iShares MSCI USA Momentum Factor ETF worth $39,949,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Caprock Group LLC bought a new stake in shares of iShares MSCI USA Momentum Factor ETF in the third quarter valued at about $3,283,000. Strategic Blueprint LLC increased its position in shares of iShares MSCI USA Momentum Factor ETF by 18.9% in the third quarter. Strategic Blueprint LLC now owns 30,074 shares of the company’s stock valued at $7,713,000 after acquiring an additional 4,790 shares during the last quarter. Braun Bostich & Associates Inc. increased its position in shares of iShares MSCI USA Momentum Factor ETF by 63.4% in the fourth quarter. Braun Bostich & Associates Inc. now owns 11,497 shares of the company’s stock valued at $2,878,000 after acquiring an additional 4,463 shares during the last quarter. FLP Wealth Management LLC increased its position in shares of iShares MSCI USA Momentum Factor ETF by 753.1% in the third quarter. FLP Wealth Management LLC now owns 12,566 shares of the company’s stock valued at $3,223,000 after acquiring an additional 11,093 shares during the last quarter. Finally, Cerity Partners LLC increased its position in shares of iShares MSCI USA Momentum Factor ETF by 2.6% in the third quarter. Cerity Partners LLC now owns 1,151,952 shares of the company’s stock valued at $295,418,000 after acquiring an additional 29,230 shares during the last quarter.

iShares MSCI USA Momentum Factor ETF Stock Performance

BATS:MTUM opened at $291.10 on Wednesday. The stock’s 50-day simple moving average is $256.16 and its 200 day simple moving average is $253.64. The company has a market cap of $21.25 billion, a P/E ratio of 28.67 and a beta of 1.02. iShares MSCI USA Momentum Factor ETF has a 52-week low of $212.60 and a 52-week high of $292.37.

iShares MSCI USA Momentum Factor ETF 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. MTUM was launched on Apr 16, 2013 and is managed by BlackRock.