Absolute Capital Management LLC Acquires 598 Shares of iShares MSCI USA Momentum Factor ETF $MTUM

Absolute Capital Management LLC increased its holdings in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 30.7% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,544 shares of the company’s stock after buying an additional 598 shares during the period. Absolute Capital Management LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $612,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. GDS Wealth Management lifted its position in shares of iShares MSCI USA Momentum Factor ETF by 9.8% during the second quarter. GDS Wealth Management now owns 2,767 shares of the company’s stock worth $665,000 after acquiring an additional 247 shares in the last quarter. Dorsey Wright & Associates lifted its holdings in iShares MSCI USA Momentum Factor ETF by 1.1% during the 2nd quarter. Dorsey Wright & Associates now owns 11,744 shares of the company’s stock worth $2,822,000 after purchasing an additional 128 shares in the last quarter. Copperleaf Capital LLC boosted its stake in iShares MSCI USA Momentum Factor ETF by 9.8% in the 2nd quarter. Copperleaf Capital LLC now owns 5,538 shares of the company’s stock worth $1,331,000 after purchasing an additional 494 shares during the period. Stonebrook Private Inc. purchased a new position in iShares MSCI USA Momentum Factor ETF during the 2nd quarter valued at about $257,000. Finally, Perennial Investment Advisors LLC increased its position in shares of iShares MSCI USA Momentum Factor ETF by 9.8% during the second quarter. Perennial Investment Advisors LLC now owns 25,094 shares of the company’s stock valued at $6,035,000 after buying an additional 2,241 shares during the period.

iShares MSCI USA Momentum Factor ETF Trading Up 16.3%

Shares of iShares MSCI USA Momentum Factor ETF stock opened at $242.97 on Thursday. The company’s 50-day moving average price is $252.98 and its 200-day moving average price is $242.23. iShares MSCI USA Momentum Factor ETF has a 12-month low of $168.49 and a 12-month high of $240.99. The company has a market cap of $17.74 billion, a price-to-earnings 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.