iShares MSCI USA Momentum Factor ETF (BATS:MTUM) Stock Position Raised by Farther Finance Advisors LLC

Farther Finance Advisors LLC grew its stake in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 185.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 37,343 shares of the company’s stock after purchasing an additional 24,276 shares during the quarter. Farther Finance Advisors LLC owned approximately 0.05% of iShares MSCI USA Momentum Factor ETF worth $7,601,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Duncker Streett & Co. Inc. acquired a new position in shares of iShares MSCI USA Momentum Factor ETF during the fourth quarter valued at $25,000. Mascagni Wealth Management Inc. bought a new stake in iShares MSCI USA Momentum Factor ETF in the 4th quarter valued at about $29,000. Murphy & Mullick Capital Management Corp acquired a new position in iShares MSCI USA Momentum Factor ETF during the 4th quarter valued at about $30,000. Mainstream Capital Management LLC bought a new position in iShares MSCI USA Momentum Factor ETF in the 4th quarter worth about $31,000. Finally, Sunbelt Securities Inc. increased its stake 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 during the period.

iShares MSCI USA Momentum Factor ETF Trading Up 11.4%

MTUM opened at $232.79 on Monday. The business’s 50 day moving average is $212.51 and its 200-day moving average is $213.06. The stock has a market cap of $17.06 billion, a PE ratio of 28.96 and a beta of 1.02. iShares MSCI USA Momentum Factor ETF has a twelve month low of $168.49 and a twelve month high of $234.78.

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.