Swmg LLC Buys 2,195 Shares of iShares MSCI USA Momentum Factor ETF $MTUM

Swmg LLC boosted its stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 12.2% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 20,128 shares of the company’s stock after acquiring an additional 2,195 shares during the period. iShares MSCI USA Momentum Factor ETF accounts for about 1.5% of Swmg LLC’s holdings, making the stock its 16th biggest position. Swmg LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $5,092,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in MTUM. Legacy Trust bought a new stake in shares of iShares MSCI USA Momentum Factor ETF in the 3rd quarter worth approximately $528,000. TFC Financial Management Inc. bought a new position in iShares MSCI USA Momentum Factor ETF during the third quarter valued at $28,000. ORG Partners LLC increased its position in iShares MSCI USA Momentum Factor ETF by 5.3% in the third quarter. ORG Partners LLC now owns 9,765 shares of the company’s stock worth $2,529,000 after buying an additional 491 shares during the last quarter. Avion Wealth raised its stake in shares of iShares MSCI USA Momentum Factor ETF by 15.6% in the third quarter. Avion Wealth now owns 622 shares of the company’s stock valued at $159,000 after buying an additional 84 shares during the period. Finally, Sonoma Allocations LLC purchased a new position in shares of iShares MSCI USA Momentum Factor ETF during the 3rd quarter valued at $208,000.

iShares MSCI USA Momentum Factor ETF Stock Performance

MTUM stock opened at $257.15 on Friday. The stock has a fifty day moving average of $249.98 and a 200-day moving average of $247.97. 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 company has a market capitalization of $18.77 billion, a price-to-earnings ratio of 28.67 and a beta of 1.02.

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. MTUM was launched on Apr 16, 2013 and is managed by BlackRock.