Hudson Oak Wealth Advisory LLC Buys New Shares in iShares MSCI USA Momentum Factor ETF $MTUM

Hudson Oak Wealth Advisory LLC bought a new stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 10,137 shares of the company’s stock, valued at approximately $2,537,000. iShares MSCI USA Momentum Factor ETF makes up about 2.2% of Hudson Oak Wealth Advisory LLC’s investment portfolio, making the stock its 16th largest holding.

Other hedge funds have also added to or reduced their stakes in the company. Raymond James Financial Inc. grew its position in shares of iShares MSCI USA Momentum Factor ETF by 4.1% in the 3rd quarter. Raymond James Financial Inc. now owns 3,063,251 shares of the company’s stock valued at $785,571,000 after acquiring an additional 120,851 shares during the period. Ameriprise Financial Inc. grew its position in shares of iShares MSCI USA Momentum Factor ETF by 7.4% in the 3rd quarter. Ameriprise Financial Inc. now owns 1,321,883 shares of the company’s stock valued at $339,023,000 after acquiring an additional 90,841 shares during the period. Blue Trust Inc. grew its position in shares of iShares MSCI USA Momentum Factor ETF by 9.6% in the 4th quarter. Blue Trust Inc. now owns 1,242,390 shares of the company’s stock valued at $310,983,000 after acquiring an additional 108,825 shares during the period. Bank of America Corp DE grew its position in shares of iShares MSCI USA Momentum Factor ETF by 8.3% in the 3rd quarter. Bank of America Corp DE now owns 1,239,000 shares of the company’s stock valued at $317,742,000 after acquiring an additional 94,881 shares during the period. Finally, State of Michigan Retirement System grew its position in shares of iShares MSCI USA Momentum Factor ETF by 1.4% in the 3rd quarter. State of Michigan Retirement System now owns 1,223,490 shares of the company’s stock valued at $313,764,000 after acquiring an additional 17,400 shares during the period.

iShares MSCI USA Momentum Factor ETF Price Performance

Shares of MTUM opened at $263.44 on Monday. The firm has a 50-day moving average of $249.25 and a 200-day moving average of $251.39. iShares MSCI USA Momentum Factor ETF has a one year low of $187.70 and a one year high of $265.35. The company has a market cap of $19.23 billion, a PE ratio of 28.67 and a beta of 1.02.

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