RoundAngle Advisors LLC Boosts Stake in iShares MSCI USA Momentum Factor ETF $MTUM

RoundAngle Advisors LLC lifted its stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 7.1% during the 2nd quarter, Holdings Channel reports. The firm owned 14,655 shares of the company’s stock after acquiring an additional 968 shares during the period. iShares MSCI USA Momentum Factor ETF makes up 2.9% of RoundAngle Advisors LLC’s holdings, making the stock its 9th biggest holding. RoundAngle Advisors LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $3,522,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Cullen Frost Bankers Inc. bought a new position in shares of iShares MSCI USA Momentum Factor ETF in the 1st quarter worth $26,000. Compass Wealth Management LLC bought a new position in shares of iShares MSCI USA Momentum Factor ETF in the 1st quarter worth $30,000. Cornerstone Planning Group LLC boosted its position in shares of iShares MSCI USA Momentum Factor ETF by 140.3% in the 1st quarter. Cornerstone Planning Group LLC now owns 149 shares of the company’s stock worth $30,000 after purchasing an additional 87 shares during the last quarter. Halbert Hargrove Global Advisors LLC bought a new position in shares of iShares MSCI USA Momentum Factor ETF in the 1st quarter worth $33,000. Finally, Harbor Investment Advisory LLC lifted its holdings in iShares MSCI USA Momentum Factor ETF by 262.2% during the second quarter. Harbor Investment Advisory LLC now owns 163 shares of the company’s stock worth $39,000 after acquiring an additional 118 shares in the last quarter.

iShares MSCI USA Momentum Factor ETF Trading Up 19.7%

MTUM stock opened at $250.07 on Monday. The business’s 50-day moving average price is $249.19 and its two-hundred day moving average price is $231.50. The firm has a market cap of $18.26 billion, a PE ratio of 28.67 and a beta of 1.02. iShares MSCI USA Momentum Factor ETF has a 1-year low of $168.49 and a 1-year high of $240.99.

About iShares MSCI USA Momentum Factor ETF

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.