Citigroup Inc. Boosts Stock Holdings in iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

Citigroup Inc. grew its stake in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 1,266.9% during the third quarter, Holdings Channel reports. The institutional investor owned 253,036 shares of the company’s stock after purchasing an additional 234,524 shares during the quarter. Citigroup Inc.’s holdings in iShares MSCI USA Momentum Factor ETF were worth $51,305,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the stock. Arizona PSPRS Trust purchased a new stake in iShares MSCI USA Momentum Factor ETF during the 2nd quarter valued at $69,276,000. Mercer Global Advisors Inc. ADV boosted its holdings in shares of iShares MSCI USA Momentum Factor ETF by 2.9% during the second quarter. Mercer Global Advisors Inc. ADV now owns 7,551,417 shares of the company’s stock worth $1,463,815,000 after purchasing an additional 213,637 shares during the period. Symmetry Partners LLC grew its stake in shares of iShares MSCI USA Momentum Factor ETF by 62.7% in the second quarter. Symmetry Partners LLC now owns 541,276 shares of the company’s stock worth $105,479,000 after purchasing an additional 208,691 shares during the last quarter. Foster Group Inc. increased its holdings in iShares MSCI USA Momentum Factor ETF by 281.1% during the 2nd quarter. Foster Group Inc. now owns 277,940 shares of the company’s stock valued at $54,162,000 after purchasing an additional 205,017 shares during the period. Finally, Cetera Investment Advisers raised its position in iShares MSCI USA Momentum Factor ETF by 2,256.8% during the 1st quarter. Cetera Investment Advisers now owns 175,700 shares of the company’s stock valued at $32,917,000 after purchasing an additional 168,245 shares during the last quarter.

iShares MSCI USA Momentum Factor ETF Stock Performance

Shares of MTUM stock opened at $214.91 on Friday. iShares MSCI USA Momentum Factor ETF has a fifty-two week low of $81.37 and a fifty-two week high of $113.60. The firm has a market cap of $11.64 billion, a P/E ratio of 18.53 and a beta of 1.10. The business’s 50 day moving average price is $206.00 and its 200-day moving average price is $196.56.

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.