LPL Financial LLC lifted its position in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM – Free Report) by 24.7% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,291,857 shares of the company’s stock after purchasing an additional 652,414 shares during the quarter. LPL Financial LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $823,985,000 at the end of the most recent reporting period.
Other institutional investors also recently modified their holdings of the company. Dagco Inc. acquired a new position in shares of iShares MSCI USA Momentum Factor ETF during the fourth quarter worth approximately $25,000. Triumph Capital Management acquired a new position in shares of iShares MSCI USA Momentum Factor ETF during the third quarter worth approximately $25,000. Cary Street Partners Financial LLC acquired a new position in shares of iShares MSCI USA Momentum Factor ETF during the fourth quarter worth approximately $25,000. Eagle Bay Advisors LLC acquired a new position in shares of iShares MSCI USA Momentum Factor ETF during the fourth quarter worth approximately $26,000. Finally, United Financial Planning Group LLC acquired a new position in shares of iShares MSCI USA Momentum Factor ETF during the third quarter worth approximately $28,000.
iShares MSCI USA Momentum Factor ETF Price Performance
Shares of BATS:MTUM opened at $306.47 on Monday. iShares MSCI USA Momentum Factor ETF has a twelve month low of $229.29 and a twelve month high of $331.49. The stock’s 50 day moving average is $283.55 and its 200-day moving average is $262.66. The firm has a market capitalization of $22.37 billion, a price-to-earnings 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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