Thrivent Financial for Lutherans boosted its holdings in iShares MSCI USA Momentum Factor ETF (BATS:MTUM – Free Report) by 9.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 97,013 shares of the company’s stock after purchasing an additional 8,322 shares during the period. Thrivent Financial for Lutherans owned about 0.13% of iShares MSCI USA Momentum Factor ETF worth $24,510,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also bought and sold shares of MTUM. Focus Partners Wealth boosted its position in iShares MSCI USA Momentum Factor ETF by 2,939.7% in the third quarter. Focus Partners Wealth now owns 927,145 shares of the company’s stock worth $237,766,000 after purchasing an additional 896,644 shares during the last quarter. CWM LLC boosted its position in iShares MSCI USA Momentum Factor ETF by 25.3% in the fourth quarter. CWM LLC now owns 1,141,425 shares of the company’s stock worth $285,710,000 after purchasing an additional 230,310 shares during the last quarter. Park Avenue Securities LLC boosted its position in iShares MSCI USA Momentum Factor ETF by 35.7% in the fourth quarter. Park Avenue Securities LLC now owns 711,023 shares of the company’s stock worth $177,976,000 after purchasing an additional 187,155 shares during the last quarter. Symmetry Partners LLC boosted its position in iShares MSCI USA Momentum Factor ETF by 71.8% in the fourth quarter. Symmetry Partners LLC now owns 416,566 shares of the company’s stock worth $104,271,000 after purchasing an additional 174,074 shares during the last quarter. Finally, Ameriprise Financial Inc. boosted its position in iShares MSCI USA Momentum Factor ETF by 15.8% in the second quarter. Ameriprise Financial Inc. now owns 1,231,042 shares of the company’s stock worth $295,986,000 after purchasing an additional 168,340 shares during the last quarter.
iShares MSCI USA Momentum Factor ETF Stock Performance
MTUM stock opened at $298.27 on Monday. The stock’s fifty day simple moving average is $264.12 and its two-hundred day simple moving average is $256.35. iShares MSCI USA Momentum Factor ETF has a 1-year low of $223.47 and a 1-year high of $307.96. The stock has a market cap of $21.77 billion, a P/E 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.
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