Private Advisor Group LLC Raises Holdings in iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

Private Advisor Group LLC boosted its stake in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 13.8% in the fourth quarter, Holdings Channel reports. The institutional investor owned 71,842 shares of the company’s stock after acquiring an additional 8,721 shares during the period. Private Advisor Group LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $14,865,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of MTUM. Exchange Traded Concepts LLC purchased a new stake in shares of iShares MSCI USA Momentum Factor ETF during the 3rd quarter worth $78,000. Signaturefd LLC lifted its position in shares of iShares MSCI USA Momentum Factor ETF by 1,550.0% during the third quarter. Signaturefd LLC now owns 165 shares of the company’s stock valued at $33,000 after buying an additional 155 shares during the last quarter. Elevated Capital Advisors LLC lifted its position in shares of iShares MSCI USA Momentum Factor ETF by 67.0% during the third quarter. Elevated Capital Advisors LLC now owns 1,910 shares of the company’s stock valued at $387,000 after buying an additional 766 shares during the last quarter. Detalus Advisors LLC boosted its holdings in shares of iShares MSCI USA Momentum Factor ETF by 1.2% in the 3rd quarter. Detalus Advisors LLC now owns 11,598 shares of the company’s stock valued at $2,352,000 after buying an additional 141 shares in the last quarter. Finally, Bogart Wealth LLC grew its position in shares of iShares MSCI USA Momentum Factor ETF by 16.8% in the 3rd quarter. Bogart Wealth LLC now owns 541 shares of the company’s stock worth $110,000 after buying an additional 78 shares during the last quarter.

iShares MSCI USA Momentum Factor ETF Stock Up 9.6 %

BATS:MTUM opened at $229.08 on Thursday. The firm has a 50 day moving average of $216.18 and a 200 day moving average of $207.29. iShares MSCI USA Momentum Factor ETF has a 52 week low of $81.37 and a 52 week high of $113.60. The stock has a market capitalization of $12.40 billion, a price-to-earnings 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.