Midwest Trust Co purchased a new stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM – Free Report) during the second quarter, HoldingsChannel.com reports. The firm purchased 1,095 shares of the company’s stock, valued at approximately $263,000.
Several other hedge funds and other institutional investors have also made changes to their positions in MTUM. Mullooly Asset Management Inc. bought a new stake in iShares MSCI USA Momentum Factor ETF in the first quarter valued at about $2,162,511,000. Envestnet Asset Management Inc. grew its position in shares of iShares MSCI USA Momentum Factor ETF by 9.5% during the 2nd quarter. Envestnet Asset Management Inc. now owns 12,639,702 shares of the company’s stock worth $3,037,545,000 after buying an additional 1,094,104 shares during the period. 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 acquired a new stake in shares of iShares MSCI USA Momentum Factor ETF in the 2nd quarter valued at approximately $158,559,000. Finally, Park Avenue Securities LLC acquired a new stake in shares of iShares MSCI USA Momentum Factor ETF in the 2nd quarter valued at approximately $109,923,000.
iShares MSCI USA Momentum Factor ETF Stock Performance
Shares of BATS MTUM opened at $245.64 on Friday. iShares MSCI USA Momentum Factor ETF has a 52-week low of $168.49 and a 52-week high of $240.99. The stock has a market cap of $17.93 billion, a P/E ratio of 28.67 and a beta of 1.02. The firm has a 50 day moving average price of $253.36 and a 200 day moving average price of $241.09.
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.
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Want to see what other hedge funds are holding MTUM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares MSCI USA Momentum Factor ETF (BATS:MTUM – Free Report).
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