Northbridge Financial Group LLC purchased a new stake in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM – Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 9,510 shares of the company’s stock, valued at approximately $2,381,000. iShares MSCI USA Momentum Factor ETF comprises about 1.1% of Northbridge Financial Group LLC’s portfolio, making the stock its 20th biggest holding.
A number of other institutional investors have also bought and sold shares of the company. Raymond James Financial Inc. boosted its position in iShares MSCI USA Momentum Factor ETF by 4.1% during the third 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 last quarter. Assetmark Inc. boosted its position in iShares MSCI USA Momentum Factor ETF by 2.5% during the fourth quarter. Assetmark Inc. now owns 1,502,409 shares of the company’s stock valued at $376,068,000 after acquiring an additional 37,278 shares during the last quarter. Ameriprise Financial Inc. boosted its position in iShares MSCI USA Momentum Factor ETF by 7.4% during the third 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 last quarter. State of Michigan Retirement System boosted its position in shares of iShares MSCI USA Momentum Factor ETF by 5.2% during the 4th quarter. State of Michigan Retirement System now owns 1,287,290 shares of the company’s stock worth $322,222,000 after purchasing an additional 63,800 shares in the last quarter. Finally, Blue Trust Inc. boosted its position in shares of iShares MSCI USA Momentum Factor ETF by 9.6% during the 4th quarter. Blue Trust Inc. now owns 1,242,390 shares of the company’s stock worth $310,983,000 after purchasing an additional 108,825 shares in the last quarter.
iShares MSCI USA Momentum Factor ETF Price Performance
MTUM stock opened at $292.59 on Wednesday. The stock has a market capitalization of $21.36 billion, a PE ratio of 28.67 and a beta of 1.02. The company’s 50-day moving average is $266.09 and its 200-day moving average is $256.85. iShares MSCI USA Momentum Factor ETF has a 1 year low of $223.47 and a 1 year high of $307.96.
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.
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