AdvisorShares Investments LLC Invests $56.56 Million in iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

AdvisorShares Investments LLC purchased a new stake in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 273,352 shares of the company’s stock, valued at approximately $56,562,000. iShares MSCI USA Momentum Factor ETF accounts for approximately 10.9% of AdvisorShares Investments LLC’s holdings, making the stock its 2nd largest holding. AdvisorShares Investments LLC owned about 0.50% of iShares MSCI USA Momentum Factor ETF at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Duncker Streett & Co. Inc. bought a new position in shares of iShares MSCI USA Momentum Factor ETF during the fourth quarter valued at approximately $25,000. Murphy & Mullick Capital Management Corp bought a new position in shares of iShares MSCI USA Momentum Factor ETF in the 4th quarter worth approximately $30,000. Mainstream Capital Management LLC bought a new stake in shares of iShares MSCI USA Momentum Factor ETF during the fourth quarter valued at approximately $31,000. Operose Advisors LLC grew its stake in iShares MSCI USA Momentum Factor ETF by 48.0% in the fourth quarter. Operose Advisors LLC now owns 188 shares of the company’s stock worth $39,000 after purchasing an additional 61 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. boosted its holdings in shares of iShares MSCI USA Momentum Factor ETF by 1,880.0% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 198 shares of the company’s stock valued at $41,000 after buying an additional 188 shares in the last quarter.

iShares MSCI USA Momentum Factor ETF Price Performance

Shares of BATS MTUM opened at $207.96 on Tuesday. The stock has a market cap of $14.36 billion, a P/E ratio of 26.98 and a beta of 1.00. iShares MSCI USA Momentum Factor ETF has a 1 year low of $168.49 and a 1 year high of $229.77. The firm has a 50-day moving average of $202.64 and a 200 day moving average of $209.70.

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.