iShares MSCI USA Momentum Factor ETF (BATS:MTUM) Shares Acquired by Donaldson Capital Management LLC

Donaldson Capital Management LLC raised its holdings in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 7.0% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 11,605 shares of the company’s stock after acquiring an additional 758 shares during the period. Donaldson Capital Management LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $2,346,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Envestnet Asset Management Inc. raised its holdings in shares of iShares MSCI USA Momentum Factor ETF by 58.5% during the 4th quarter. Envestnet Asset Management Inc. now owns 12,608,593 shares of the company’s stock worth $2,608,970,000 after acquiring an additional 4,651,707 shares during the period. Raymond James Financial Inc. purchased a new position in iShares MSCI USA Momentum Factor ETF during the fourth quarter worth about $574,824,000. LPL Financial LLC raised its stake in iShares MSCI USA Momentum Factor ETF by 215.4% during the fourth quarter. LPL Financial LLC now owns 1,954,637 shares of the company’s stock worth $404,454,000 after purchasing an additional 1,334,851 shares during the period. JPMorgan Chase & Co. raised its position in iShares MSCI USA Momentum Factor ETF by 204.8% in the fourth quarter. JPMorgan Chase & Co. now owns 1,128,104 shares of the company’s stock valued at $233,427,000 after purchasing an additional 758,024 shares during the period. Finally, Envestnet Portfolio Solutions Inc. raised its position in iShares MSCI USA Momentum Factor ETF by 5,196.8% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 689,435 shares of the company’s stock valued at $142,658,000 after purchasing an additional 676,419 shares during the period.

iShares MSCI USA Momentum Factor ETF Stock Up 10.7%

BATS:MTUM opened at $231.38 on Wednesday. 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 capitalization of $16.96 billion, a P/E ratio of 28.96 and a beta of 1.02. The stock’s fifty day moving average is $213.75 and its two-hundred day moving average is $213.33.

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.