Strategic Financial Concepts LLC acquired a new stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM – Free Report) in the fourth quarter, HoldingsChannel reports. The firm acquired 73,765 shares of the company’s stock, valued at approximately $15,263,000.
A number of other institutional investors have also modified their holdings of the company. AQR Capital Management LLC acquired a new position in iShares MSCI USA Momentum Factor ETF during the second quarter worth approximately $253,000. Mather Group LLC. boosted its stake in iShares MSCI USA Momentum Factor ETF by 46.4% during the 3rd quarter. Mather Group LLC. now owns 625 shares of the company’s stock valued at $127,000 after acquiring an additional 198 shares during the last quarter. Dynamic Advisor Solutions LLC boosted its stake in iShares MSCI USA Momentum Factor ETF by 7.2% during the 3rd quarter. Dynamic Advisor Solutions LLC now owns 1,880 shares of the company’s stock valued at $381,000 after acquiring an additional 127 shares during the last quarter. Pinnacle Bancorp Inc. bought a new position in iShares MSCI USA Momentum Factor ETF during the 3rd quarter valued at $134,000. Finally, Simplicity Wealth LLC raised its holdings in shares of iShares MSCI USA Momentum Factor ETF by 5.5% during the third quarter. Simplicity Wealth LLC now owns 8,983 shares of the company’s stock worth $1,821,000 after purchasing an additional 471 shares during the period.
iShares MSCI USA Momentum Factor ETF Stock Performance
Shares of BATS:MTUM opened at $224.81 on Friday. The stock has a market capitalization of $12.17 billion, a price-to-earnings ratio of 18.53 and a beta of 1.10. iShares MSCI USA Momentum Factor ETF has a 1-year low of $81.37 and a 1-year high of $113.60. The company’s fifty day moving average is $213.96 and its two-hundred day moving average is $204.69.
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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