Unison Advisors LLC Grows Holdings in iShares MSCI USA Momentum Factor ETF $MTUM

Unison Advisors LLC raised its stake in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 5.9% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,085 shares of the company’s stock after buying an additional 1,399 shares during the quarter. iShares MSCI USA Momentum Factor ETF comprises approximately 0.7% of Unison Advisors LLC’s holdings, making the stock its 19th largest position. Unison Advisors LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $6,028,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Cullen Frost Bankers Inc. bought a new stake in iShares MSCI USA Momentum Factor ETF in the first quarter worth $26,000. Compass Wealth Management LLC purchased a new position in iShares MSCI USA Momentum Factor ETF in the first quarter valued at about $30,000. Cornerstone Planning Group LLC grew its stake in shares of iShares MSCI USA Momentum Factor ETF by 140.3% during the first quarter. Cornerstone Planning Group LLC now owns 149 shares of the company’s stock worth $30,000 after acquiring an additional 87 shares during the last quarter. Harbor Investment Advisory LLC grew its stake in shares of iShares MSCI USA Momentum Factor ETF by 262.2% during the second quarter. Harbor Investment Advisory LLC now owns 163 shares of the company’s stock worth $39,000 after acquiring an additional 118 shares during the last quarter. Finally, GAMMA Investing LLC grew its stake in shares of iShares MSCI USA Momentum Factor ETF by 45.0% during the second quarter. GAMMA Investing LLC now owns 216 shares of the company’s stock worth $52,000 after acquiring an additional 67 shares during the last quarter.

iShares MSCI USA Momentum Factor ETF Stock Performance

Shares of MTUM stock opened at $252.87 on Monday. The stock’s 50-day simple moving average is $250.24 and its 200-day simple moving average is $233.23. The firm has a market capitalization of $18.46 billion, a price-to-earnings 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.

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.