Sequoia Financial Advisors LLC Makes New $34.40 Million Investment in iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

Sequoia Financial Advisors LLC purchased a new position in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 166,267 shares of the company’s stock, valued at approximately $34,404,000. Sequoia Financial Advisors LLC owned approximately 0.31% of iShares MSCI USA Momentum Factor ETF at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in MTUM. Thurston Springer Miller Herd & Titak Inc. increased its position in 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 buying an additional 188 shares during the last quarter. AdvisorNet Financial Inc boosted its stake 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 acquiring an additional 74 shares in the last quarter. Vontobel Holding Ltd. acquired a new position in shares of iShares MSCI USA Momentum Factor ETF during the 4th quarter valued at about $432,000. Kingsview Wealth Management LLC raised its stake in shares of iShares MSCI USA Momentum Factor ETF by 17.9% in the 4th quarter. Kingsview Wealth Management LLC now owns 1,330 shares of the company’s stock valued at $275,000 after acquiring an additional 202 shares in the last quarter. Finally, Arizona PSPRS Trust lifted its holdings in iShares MSCI USA Momentum Factor ETF by 2.0% in the 3rd quarter. Arizona PSPRS Trust now owns 362,613 shares of the company’s stock worth $73,523,000 after purchasing an additional 7,115 shares during the last quarter.

iShares MSCI USA Momentum Factor ETF Stock Down 5.8 %

Shares of iShares MSCI USA Momentum Factor ETF stock opened at $196.90 on Wednesday. iShares MSCI USA Momentum Factor ETF has a 12-month low of $168.49 and a 12-month high of $229.77. The stock has a market capitalization of $14.13 billion, a P/E ratio of 28.87 and a beta of 0.98. The stock has a 50 day moving average price of $216.48 and a two-hundred day moving average price of $209.67.

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.