1ST Source Bank Makes New $219,000 Investment in iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

1ST Source Bank purchased a new stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 1,080 shares of the company’s stock, valued at approximately $219,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Fortitude Family Office LLC boosted its holdings in iShares MSCI USA Momentum Factor ETF by 1,255.6% in 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 last quarter. Abich Financial Wealth Management LLC bought a new stake in shares of iShares MSCI USA Momentum Factor ETF in the 2nd quarter valued at $33,000. Signaturefd LLC boosted its stake in shares of iShares MSCI USA Momentum Factor ETF by 1,550.0% in the 3rd quarter. Signaturefd LLC now owns 165 shares of the company’s stock valued at $33,000 after purchasing an additional 155 shares during the last quarter. Capital Performance Advisors LLP acquired a new stake in shares of iShares MSCI USA Momentum Factor ETF during the third quarter worth $43,000. Finally, Ashton Thomas Private Wealth LLC bought a new position in iShares MSCI USA Momentum Factor ETF during the second quarter worth $48,000.

iShares MSCI USA Momentum Factor ETF Trading Up 1.2 %

Shares of MTUM opened at $214.29 on Friday. The firm’s fifty day simple moving average is $209.86 and its two-hundred day simple moving average is $199.29. iShares MSCI USA Momentum Factor ETF has a 12 month low of $81.37 and a 12 month high of $113.60. The stock has a market capitalization of $11.60 billion, a P/E ratio of 18.53 and a beta of 1.10.

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.