Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM – Free Report) in the third quarter, according to its most recent filing with the SEC. The firm purchased 30,000 shares of the company’s stock, valued at approximately $9,520,000.
Several other large investors have also modified their holdings of MTUM. Aviance Capital Partners LLC purchased a new stake in iShares MSCI USA Momentum Factor ETF in the 3rd quarter worth approximately $409,000. Unison Advisors LLC boosted its stake in iShares MSCI USA Momentum Factor ETF by 5.3% in the 3rd quarter. Unison Advisors LLC now owns 30,592 shares of the company’s stock worth $9,708,000 after buying an additional 1,550 shares during the last quarter. Modera Wealth Management LLC increased its position in iShares MSCI USA Momentum Factor ETF by 6.3% during the third quarter. Modera Wealth Management LLC now owns 4,473 shares of the company’s stock worth $1,419,000 after purchasing an additional 266 shares during the last quarter. Partners Wealth Management LLC acquired a new position in shares of iShares MSCI USA Momentum Factor ETF in the 3rd quarter valued at $2,212,000. Finally, Soltis Investment Advisors LLC grew its stake in shares of iShares MSCI USA Momentum Factor ETF by 12.2% during the 3rd quarter. Soltis Investment Advisors LLC now owns 3,111 shares of the company’s stock valued at $987,000 after buying an additional 339 shares during the period.
iShares MSCI USA Momentum Factor ETF Trading Down 2.0%
Shares of MTUM opened at $272.86 on Thursday. iShares MSCI USA Momentum Factor ETF has a twelve month low of $229.42 and a twelve month high of $345.59. The firm has a market capitalization of $19.92 billion, a P/E ratio of 28.67 and a beta of 1.02. The stock’s fifty day simple moving average is $304.81 and its 200 day simple moving average is $290.06.
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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