Rehmann Capital Advisory Group Acquires 216 Shares of iShares MSCI USA Momentum Factor ETF $MTUM

Rehmann Capital Advisory Group boosted its position in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 6.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,554 shares of the company’s stock after acquiring an additional 216 shares during the period. Rehmann Capital Advisory Group’s holdings in iShares MSCI USA Momentum Factor ETF were worth $854,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in MTUM. Cullen Frost Bankers Inc. bought a new stake in iShares MSCI USA Momentum Factor ETF during the 1st quarter valued at approximately $26,000. Compass Wealth Management LLC acquired a new position in shares of iShares MSCI USA Momentum Factor ETF during the first quarter worth approximately $30,000. Cornerstone Planning Group LLC lifted its holdings 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 buying an additional 87 shares during the last quarter. Harbor Investment Advisory LLC lifted its holdings 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 buying an additional 118 shares during the last quarter. Finally, GAMMA Investing LLC lifted its holdings 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 buying an additional 67 shares during the last quarter.

iShares MSCI USA Momentum Factor ETF Stock Performance

Shares of MTUM opened at $250.84 on Thursday. The company has a 50-day simple moving average of $250.62 and a 200-day simple moving average of $234.45. The firm has a market capitalization of $18.31 billion, a P/E ratio of 28.67 and a beta of 1.02. iShares MSCI USA Momentum Factor ETF has a 52 week low of $168.49 and a 52 week high of $240.99.

iShares MSCI USA Momentum Factor ETF Company 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.