Sovereign Financial Group Inc. Purchases 1,386 Shares of iShares MSCI USA Momentum Factor ETF $MTUM

Sovereign Financial Group Inc. grew its position in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 31.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,812 shares of the company’s stock after purchasing an additional 1,386 shares during the period. Sovereign Financial Group Inc.’s holdings in iShares MSCI USA Momentum Factor ETF were worth $1,397,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of MTUM. Mullooly Asset Management Inc. bought a new stake in shares of iShares MSCI USA Momentum Factor ETF in the 1st quarter valued at about $2,162,511,000. CHURCHILL MANAGEMENT Corp bought a new stake in shares of iShares MSCI USA Momentum Factor ETF in the 2nd quarter valued at about $220,286,000. Orgel Wealth Management LLC bought a new stake in shares of iShares MSCI USA Momentum Factor ETF in the 2nd quarter valued at about $158,559,000. Park Avenue Securities LLC bought a new stake in shares of iShares MSCI USA Momentum Factor ETF in the 2nd quarter valued at about $109,923,000. Finally, BNP Paribas Financial Markets lifted its stake in shares of iShares MSCI USA Momentum Factor ETF by 102.6% in the 1st quarter. BNP Paribas Financial Markets now owns 642,494 shares of the company’s stock valued at $129,867,000 after acquiring an additional 325,369 shares during the last quarter.

iShares MSCI USA Momentum Factor ETF Trading Up 19.7%

BATS MTUM opened at $250.07 on Friday. iShares MSCI USA Momentum Factor ETF has a 1-year low of $168.49 and a 1-year high of $240.99. The stock has a 50-day moving average of $249.19 and a 200-day moving average of $231.36. The firm has a market cap of $18.26 billion, a PE ratio of 28.67 and a beta of 1.02.

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.