Beacon Financial Group Has $3.82 Million Position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

Beacon Financial Group grew its holdings in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 16.8% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 18,899 shares of the company’s stock after buying an additional 2,724 shares during the quarter. Beacon Financial Group’s holdings in iShares MSCI USA Momentum Factor ETF were worth $3,820,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Duncker Streett & Co. Inc. acquired a new position in iShares MSCI USA Momentum Factor ETF during the 4th quarter worth about $25,000. Mascagni Wealth Management Inc. acquired a new position in shares of iShares MSCI USA Momentum Factor ETF during the fourth quarter worth approximately $29,000. Murphy & Mullick Capital Management Corp bought a new stake in shares of iShares MSCI USA Momentum Factor ETF during the fourth quarter valued at approximately $30,000. Mainstream Capital Management LLC bought a new stake in shares of iShares MSCI USA Momentum Factor ETF during the fourth quarter valued at approximately $31,000. Finally, Sunbelt Securities Inc. increased its holdings in shares of iShares MSCI USA Momentum Factor ETF by 465.5% in the fourth quarter. Sunbelt Securities Inc. now owns 164 shares of the company’s stock valued at $34,000 after purchasing an additional 135 shares in the last quarter.

iShares MSCI USA Momentum Factor ETF Stock Performance

BATS:MTUM opened at $233.86 on Thursday. The stock’s fifty day moving average price is $211.35 and its two-hundred day moving average price is $212.76. iShares MSCI USA Momentum Factor ETF has a 52-week low of $168.49 and a 52-week high of $234.78. The company has a market cap of $17.14 billion, a price-to-earnings ratio of 28.96 and a beta of 1.02.

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.