Biondo Investment Advisors LLC Has $2.75 Million Stock Holdings in iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

Biondo Investment Advisors LLC boosted its stake in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 3.6% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 13,276 shares of the company’s stock after buying an additional 459 shares during the period. Biondo Investment Advisors LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $2,747,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Duncker Streett & Co. Inc. acquired a new position in shares of iShares MSCI USA Momentum Factor ETF during the fourth quarter worth about $25,000. Murphy & Mullick Capital Management Corp bought a new stake in iShares MSCI USA Momentum Factor ETF in the 4th quarter valued at approximately $30,000. Mainstream Capital Management LLC acquired a new position in iShares MSCI USA Momentum Factor ETF during the 4th quarter worth approximately $31,000. Thurston Springer Miller Herd & Titak Inc. grew its stake in shares of iShares MSCI USA Momentum Factor ETF by 1,880.0% during 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 in the last quarter. Finally, AdvisorNet Financial Inc raised 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 purchasing an additional 74 shares during the last quarter.

iShares MSCI USA Momentum Factor ETF Stock Down 3.9 %

Shares of MTUM stock opened at $200.78 on Friday. The firm has a market cap of $13.80 billion, a PE ratio of 27.42 and a beta of 0.99. iShares MSCI USA Momentum Factor ETF has a 12 month low of $168.49 and a 12 month high of $229.77. The company’s fifty day simple moving average is $214.93 and its 200-day simple moving average is $210.40.

iShares MSCI USA Momentum Factor ETF Company 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.