Sanctuary Advisors LLC boosted its stake in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM – Free Report) by 3.9% during the first quarter, HoldingsChannel.com reports. The firm owned 242,941 shares of the company’s stock after acquiring an additional 9,100 shares during the period. Sanctuary Advisors LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $58,303,000 at the end of the most recent quarter.
A number of other hedge funds also recently made changes to their positions in MTUM. Braun Bostich & Associates Inc. raised its holdings in shares of iShares MSCI USA Momentum Factor ETF by 63.4% in the 4th quarter. Braun Bostich & Associates Inc. now owns 11,497 shares of the company’s stock worth $2,878,000 after purchasing an additional 4,463 shares during the period. BCGM Wealth Management LLC grew its holdings in shares of iShares MSCI USA Momentum Factor ETF by 45.0% during the 4th quarter. BCGM Wealth Management LLC now owns 25,663 shares of the company’s stock worth $6,424,000 after purchasing an additional 7,960 shares during the period. Cypress Wealth Services LLC increased its position in iShares MSCI USA Momentum Factor ETF by 63.6% during the 4th quarter. Cypress Wealth Services LLC now owns 14,772 shares of the company’s stock worth $3,698,000 after purchasing an additional 5,740 shares in the last quarter. Assetmark Inc. increased its position in iShares MSCI USA Momentum Factor ETF by 2.5% during the 4th quarter. Assetmark Inc. now owns 1,502,409 shares of the company’s stock worth $376,068,000 after purchasing an additional 37,278 shares in the last quarter. Finally, Flagship Capital Management Inc. purchased a new position in iShares MSCI USA Momentum Factor ETF in the fourth quarter valued at approximately $1,779,000.
iShares MSCI USA Momentum Factor ETF Stock Up 1.6%
Shares of MTUM stock opened at $319.76 on Wednesday. The stock has a market cap of $23.34 billion, a price-to-earnings ratio of 28.67 and a beta of 1.02. iShares MSCI USA Momentum Factor ETF has a fifty-two week low of $229.42 and a fifty-two week high of $345.59. The firm’s 50 day moving average price is $316.98 and its two-hundred day moving average price is $277.20.
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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Want to see what other hedge funds are holding MTUM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares MSCI USA Momentum Factor ETF (BATS:MTUM – Free Report).
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