iShares MSCI USA Momentum Factor ETF (BATS:MTUM) Shares Purchased by Cypress Wealth Services LLC

Cypress Wealth Services LLC raised its position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 74.1% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,959 shares of the company’s stock after buying an additional 3,813 shares during the period. Cypress Wealth Services LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $1,811,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Duncker Streett & Co. Inc. acquired a new stake in iShares MSCI USA Momentum Factor ETF during the 4th quarter valued at approximately $25,000. Mascagni Wealth Management Inc. purchased a new position in shares of iShares MSCI USA Momentum Factor ETF during the 4th quarter valued at approximately $29,000. Murphy & Mullick Capital Management Corp acquired a new stake in shares of iShares MSCI USA Momentum Factor ETF during the fourth quarter worth approximately $30,000. Mainstream Capital Management LLC acquired a new stake in shares of iShares MSCI USA Momentum Factor ETF during the fourth quarter worth approximately $31,000. Finally, Sunbelt Securities Inc. increased its stake in shares of iShares MSCI USA Momentum Factor ETF by 465.5% in the fourth quarter. Sunbelt Securities Inc. now owns 164 shares of the company’s stock worth $34,000 after buying an additional 135 shares during the last quarter.

iShares MSCI USA Momentum Factor ETF Price Performance

MTUM opened at $233.86 on Thursday. iShares MSCI USA Momentum Factor ETF has a 12-month low of $168.49 and a 12-month high of $234.78. The stock has a market capitalization of $17.14 billion, a PE ratio of 28.96 and a beta of 1.02. The firm’s fifty day moving average price is $211.35 and its 200 day moving average price is $212.76.

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.