Concurrent Investment Advisors LLC Buys 8,699 Shares of iShares MSCI USA Momentum Factor ETF $MTUM

Concurrent Investment Advisors LLC grew its stake in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 94.4% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 17,914 shares of the company’s stock after purchasing an additional 8,699 shares during the quarter. Concurrent Investment Advisors LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $4,305,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Bank of New York Mellon Corp boosted its stake in shares of iShares MSCI USA Momentum Factor ETF by 5.8% during the first quarter. Bank of New York Mellon Corp now owns 215,086 shares of the company’s stock valued at $43,475,000 after purchasing an additional 11,729 shares during the period. Dynamic Advisor Solutions LLC boosted its stake in shares of iShares MSCI USA Momentum Factor ETF by 15.7% during the first quarter. Dynamic Advisor Solutions LLC now owns 1,888 shares of the company’s stock valued at $382,000 after purchasing an additional 256 shares during the period. CX Institutional purchased a new stake in shares of iShares MSCI USA Momentum Factor ETF during the first quarter valued at approximately $43,000. Johnson Investment Counsel Inc. boosted its stake in shares of iShares MSCI USA Momentum Factor ETF by 3.9% during the first quarter. Johnson Investment Counsel Inc. now owns 1,801 shares of the company’s stock valued at $364,000 after purchasing an additional 67 shares during the period. Finally, SG Americas Securities LLC purchased a new stake in shares of iShares MSCI USA Momentum Factor ETF during the first quarter valued at approximately $1,213,000.

iShares MSCI USA Momentum Factor ETF Stock Performance

BATS:MTUM opened at $254.76 on Tuesday. The firm has a market cap of $18.60 billion, a PE ratio of 28.67 and a beta of 1.02. iShares MSCI USA Momentum Factor ETF has a fifty-two week low of $168.49 and a fifty-two week high of $240.99. The business has a 50 day moving average price of $249.44 and a 200-day moving average price of $231.83.

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.