Focus Financial Network Inc. Increases Stock Position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

Focus Financial Network Inc. grew its position in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 7.2% during the 1st quarter, HoldingsChannel.com reports. The firm owned 8,656 shares of the company’s stock after buying an additional 578 shares during the quarter. Focus Financial Network Inc.’s holdings in iShares MSCI USA Momentum Factor ETF were worth $1,750,000 as of its most recent filing with the SEC.

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

iShares MSCI USA Momentum Factor ETF Trading Up 11.2%

Shares of MTUM stock opened at $232.36 on Thursday. The company has a market capitalization of $17.03 billion, a P/E ratio of 28.96 and a beta of 1.02. The business’s 50 day moving average is $214.78 and its two-hundred day moving average is $213.45. iShares MSCI USA Momentum Factor ETF has a twelve month low of $168.49 and a twelve month high of $234.78.

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.