Bay Harbor Wealth Management LLC Buys New Shares in iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

Bay Harbor Wealth Management LLC bought a new position in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 14,346 shares of the company’s stock, valued at approximately $2,968,000. iShares MSCI USA Momentum Factor ETF accounts for approximately 1.0% of Bay Harbor Wealth Management LLC’s holdings, making the stock its 27th biggest position.

Several other large investors have also recently added to or reduced their stakes in the company. Fortitude Family Office LLC lifted its stake in shares of iShares MSCI USA Momentum Factor ETF by 1,255.6% during the third quarter. Fortitude Family Office LLC now owns 122 shares of the company’s stock valued at $25,000 after acquiring an additional 113 shares during the period. Signaturefd LLC lifted its holdings in 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 acquiring an additional 155 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. raised its position in shares of iShares MSCI USA Momentum Factor ETF by 1,880.0% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 198 shares of the company’s stock worth $41,000 after purchasing an additional 188 shares during the period. Capital Performance Advisors LLP acquired a new stake in iShares MSCI USA Momentum Factor ETF during the 3rd quarter worth approximately $43,000. Finally, AdvisorNet Financial Inc boosted its holdings in shares of iShares MSCI USA Momentum Factor ETF by 51.4% in the fourth quarter. AdvisorNet Financial Inc now owns 218 shares of the company’s stock valued at $45,000 after buying an additional 74 shares during the period.

iShares MSCI USA Momentum Factor ETF Trading Up 5.1 %

Shares of MTUM opened at $219.67 on Tuesday. The stock has a market capitalization of $11.90 billion, a price-to-earnings ratio of 18.53 and a beta of 1.10. The firm has a fifty day simple moving average of $213.40 and a 200 day simple moving average of $204.01. iShares MSCI USA Momentum Factor ETF has a 12 month low of $81.37 and a 12 month high of $113.60.

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.