iShares MSCI USA Momentum Factor ETF (BATS:MTUM) Shares Purchased by United Advisor Group LLC

United Advisor Group LLC increased its position in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 141.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,423 shares of the company’s stock after acquiring an additional 2,005 shares during the period. United Advisor Group LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $694,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in MTUM. Fortitude Family Office LLC increased its holdings in shares of iShares MSCI USA Momentum Factor ETF by 1,255.6% in the third quarter. Fortitude Family Office LLC now owns 122 shares of the company’s stock valued at $25,000 after buying an additional 113 shares in the last quarter. Abich Financial Wealth Management LLC acquired a new position in shares of iShares MSCI USA Momentum Factor ETF in the 2nd quarter worth $33,000. Signaturefd LLC raised its position in shares of iShares MSCI USA Momentum Factor ETF by 1,550.0% during the third quarter. Signaturefd LLC now owns 165 shares of the company’s stock worth $33,000 after purchasing an additional 155 shares during the period. Wellington Shields & Co. LLC purchased a new stake in shares of iShares MSCI USA Momentum Factor ETF during the first quarter valued at $42,000. Finally, Ashton Thomas Private Wealth LLC acquired a new position in shares of iShares MSCI USA Momentum Factor ETF in the 2nd quarter valued at $48,000.

iShares MSCI USA Momentum Factor ETF Trading Up 1.7 %

Shares of MTUM opened at $204.74 on Wednesday. The business’s 50-day moving average price is $201.17 and its 200 day moving average price is $193.80. The stock has a market capitalization of $11.09 billion, a P/E ratio of 18.53 and a beta of 1.10. iShares MSCI USA Momentum Factor ETF has a 1-year low of $81.37 and a 1-year high of $113.60.

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.