Sequoia Financial Advisors LLC lifted its stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM – Free Report) by 6.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 103,852 shares of the company’s stock after acquiring an additional 6,557 shares during the period. Sequoia Financial Advisors LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $35,604,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also made changes to their positions in the stock. Van Hulzen Asset Management LLC lifted its position in iShares MSCI USA Momentum Factor ETF by 32.0% in the second quarter. Van Hulzen Asset Management LLC now owns 13,068 shares of the company’s stock worth $4,480,000 after purchasing an additional 3,166 shares during the period. IPG Investment Advisors LLC acquired a new position in shares of iShares MSCI USA Momentum Factor ETF during the 2nd quarter valued at $208,000. Cidel Asset Management Inc. bought a new stake in shares of iShares MSCI USA Momentum Factor ETF in the 2nd quarter worth $246,000. Pinnacle Wealth Management Advisory Group LLC raised its stake in shares of iShares MSCI USA Momentum Factor ETF by 7.3% in the 2nd quarter. Pinnacle Wealth Management Advisory Group LLC now owns 5,966 shares of the company’s stock worth $2,045,000 after buying an additional 405 shares in the last quarter. Finally, IFP Advisors Inc lifted its holdings in shares of iShares MSCI USA Momentum Factor ETF by 79.4% in the second quarter. IFP Advisors Inc now owns 31,818 shares of the company’s stock valued at $10,908,000 after buying an additional 14,085 shares during the period.
iShares MSCI USA Momentum Factor ETF Stock Up 0.2%
Shares of MTUM stock opened at $309.29 on Thursday. The stock has a 50-day simple moving average of $307.87 and a 200 day simple moving average of $291.87. 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 stock has a market capitalization of $22.58 billion, a P/E ratio of 28.67 and a beta of 1.02.
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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