Park Avenue Securities LLC Increases Stock Position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

Park Avenue Securities LLC boosted its stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 1,055.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 507,294 shares of the company’s stock after acquiring an additional 463,387 shares during the period. iShares MSCI USA Momentum Factor ETF comprises approximately 1.1% of Park Avenue Securities LLC’s portfolio, making the stock its 15th largest position. Park Avenue Securities LLC owned approximately 0.94% of iShares MSCI USA Momentum Factor ETF worth $104,969,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of MTUM. Citigroup Inc. lifted its position in iShares MSCI USA Momentum Factor ETF by 1,266.9% in the third quarter. Citigroup Inc. now owns 253,036 shares of the company’s stock valued at $51,305,000 after acquiring an additional 234,524 shares during the last quarter. Mercer Global Advisors Inc. ADV lifted its position in iShares MSCI USA Momentum Factor ETF by 2.9% in the second quarter. Mercer Global Advisors Inc. ADV now owns 7,551,417 shares of the company’s stock valued at $1,463,815,000 after acquiring an additional 213,637 shares during the last quarter. Sanctuary Advisors LLC lifted its position in iShares MSCI USA Momentum Factor ETF by 455.1% in the third quarter. Sanctuary Advisors LLC now owns 157,981 shares of the company’s stock valued at $33,952,000 after acquiring an additional 129,521 shares during the last quarter. FMR LLC raised its holdings in shares of iShares MSCI USA Momentum Factor ETF by 12.2% in the third quarter. FMR LLC now owns 674,367 shares of the company’s stock valued at $136,735,000 after buying an additional 73,442 shares during the last quarter. Finally, Assetmark Inc. raised its holdings in shares of iShares MSCI USA Momentum Factor ETF by 4.5% in the third quarter. Assetmark Inc. now owns 1,692,983 shares of the company’s stock valued at $343,269,000 after buying an additional 72,891 shares during the last quarter.

iShares MSCI USA Momentum Factor ETF Stock Performance

Shares of BATS:MTUM opened at $208.99 on Wednesday. The company has a 50-day simple moving average of $211.70 and a 200-day simple moving average of $202.24. iShares MSCI USA Momentum Factor ETF has a one year low of $81.37 and a one year high of $113.60. The stock has a market capitalization of $11.32 billion, a price-to-earnings ratio of 18.53 and a beta of 1.10.

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.