Verus Capital Partners LLC Purchases New Position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

Verus Capital Partners LLC acquired a new position in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) during the 4th quarter, HoldingsChannel.com reports. The institutional investor acquired 5,387 shares of the company’s stock, valued at approximately $1,115,000.

Other hedge funds also recently made changes to their positions in the company. QRG Capital Management Inc. boosted its holdings in shares of iShares MSCI USA Momentum Factor ETF by 22.0% in the fourth quarter. QRG Capital Management Inc. now owns 6,694 shares of the company’s stock valued at $1,385,000 after acquiring an additional 1,206 shares during the period. Lineweaver Wealth Advisors LLC purchased a new stake in iShares MSCI USA Momentum Factor ETF in the 4th quarter valued at $5,587,000. Convergence Financial LLC boosted its stake in iShares MSCI USA Momentum Factor ETF by 4.0% during the 4th quarter. Convergence Financial LLC now owns 65,906 shares of the company’s stock worth $13,637,000 after purchasing an additional 2,556 shares during the period. Nwam LLC grew its position in iShares MSCI USA Momentum Factor ETF by 47.6% during the 4th quarter. Nwam LLC now owns 1,650 shares of the company’s stock worth $341,000 after purchasing an additional 532 shares during the last quarter. Finally, Whipplewood Advisors LLC acquired a new position in iShares MSCI USA Momentum Factor ETF in the fourth quarter valued at $3,075,000.

iShares MSCI USA Momentum Factor ETF Stock Performance

Shares of MTUM opened at $218.62 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 50-day simple moving average of $217.23 and a 200-day simple moving average of $208.96. The company has a market capitalization of $15.69 billion, a price-to-earnings ratio of 28.87 and a beta of 0.98.

About iShares MSCI USA Momentum Factor ETF

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.