Financial Enhancement Group LLC Raises Position in iShares MSCI USA Momentum Factor ETF $MTUM

Financial Enhancement Group LLC boosted its stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 27.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,633 shares of the company’s stock after buying an additional 2,744 shares during the quarter. Financial Enhancement Group LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $3,226,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Raymond James Financial Inc. lifted its stake in 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 buying an additional 120,851 shares in the last quarter. Ameriprise Financial Inc. lifted its stake in 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 buying an additional 90,841 shares in the last quarter. Blue Trust Inc. lifted its stake in 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 buying an additional 108,825 shares in the last quarter. Bank of America Corp DE lifted its stake in 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 buying an additional 94,881 shares in the last quarter. Finally, State of Michigan Retirement System lifted its stake in 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 buying an additional 17,400 shares in the last quarter.

iShares MSCI USA Momentum Factor ETF Trading Up 1.0%

Shares of iShares MSCI USA Momentum Factor ETF stock opened at $266.05 on Tuesday. The firm has a market capitalization of $19.42 billion, a PE ratio of 28.67 and a beta of 1.02. iShares MSCI USA Momentum Factor ETF has a twelve month low of $187.70 and a twelve month high of $266.28. The firm’s 50-day moving average price is $249.40 and its 200 day moving average price is $251.48.

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.