Verdence Capital Advisors LLC grew its position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM – Free Report) by 1.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,713 shares of the company’s stock after acquiring an additional 70 shares during the quarter. Verdence Capital Advisors LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $975,000 as of its most recent SEC filing.
Other hedge funds also recently modified their holdings of the company. Duncker Streett & Co. Inc. bought a new stake in shares of iShares MSCI USA Momentum Factor ETF in the 4th quarter worth approximately $25,000. Mainstream Capital Management LLC bought a new stake in shares of iShares MSCI USA Momentum Factor ETF in the 4th quarter worth approximately $31,000. Thurston Springer Miller Herd & Titak Inc. lifted its position in shares of iShares MSCI USA Momentum Factor ETF by 1,880.0% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 198 shares of the company’s stock worth $41,000 after acquiring an additional 188 shares during the period. Capital Performance Advisors LLP bought a new position in shares of iShares MSCI USA Momentum Factor ETF during the 3rd quarter worth approximately $43,000. Finally, AdvisorNet Financial Inc lifted its position in shares of iShares MSCI USA Momentum Factor ETF by 51.4% during the 4th quarter. AdvisorNet Financial Inc now owns 218 shares of the company’s stock worth $45,000 after buying an additional 74 shares during the period.
iShares MSCI USA Momentum Factor ETF Price Performance
iShares MSCI USA Momentum Factor ETF stock opened at $212.74 on Thursday. The company has a market capitalization of $15.26 billion, a PE ratio of 28.87 and a beta of 0.98. iShares MSCI USA Momentum Factor ETF has a one year low of $168.49 and a one year high of $229.77. The business has a 50 day simple moving average of $217.33 and a 200 day simple moving average of $209.49.
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.
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