Kestra Private Wealth Services LLC boosted its position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM – Free Report) by 11.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 40,259 shares of the company’s stock after acquiring an additional 4,106 shares during the period. Kestra Private Wealth Services LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $9,662,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Corient Private Wealth LLC boosted its stake in shares of iShares MSCI USA Momentum Factor ETF by 185.9% in the 4th quarter. Corient Private Wealth LLC now owns 2,048,917 shares of the company’s stock valued at $512,864,000 after purchasing an additional 1,332,181 shares during the last quarter. Focus Partners Wealth lifted its holdings 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 valued at $237,766,000 after buying an additional 896,644 shares during the period. LPL Financial LLC lifted its holdings in iShares MSCI USA Momentum Factor ETF by 24.7% in the fourth quarter. LPL Financial LLC now owns 3,291,857 shares of the company’s stock valued at $823,985,000 after buying an additional 652,414 shares during the period. JPMorgan Chase & Co. boosted its stake in iShares MSCI USA Momentum Factor ETF by 32.2% in the fourth quarter. JPMorgan Chase & Co. now owns 1,151,084 shares of the company’s stock valued at $288,128,000 after acquiring an additional 280,192 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. boosted its stake in iShares MSCI USA Momentum Factor ETF by 55.3% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 721,042 shares of the company’s stock valued at $180,484,000 after acquiring an additional 256,639 shares during the last quarter.
iShares MSCI USA Momentum Factor ETF Stock Performance
MTUM opened at $339.30 on Friday. The company has a fifty day moving average price of $305.20 and a two-hundred day moving average price of $270.68. The firm has a market capitalization of $24.77 billion, a PE ratio of 28.67 and a beta of 1.02. iShares MSCI USA Momentum Factor ETF has a 52 week low of $229.42 and a 52 week high of $345.59.
About iShares MSCI USA Momentum Factor ETF
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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