Legacy Financial Group LLC lifted its stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM – Free Report) by 60.7% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 32,194 shares of the company’s stock after acquiring an additional 12,160 shares during the period. iShares MSCI USA Momentum Factor ETF accounts for about 1.0% of Legacy Financial Group LLC’s investment portfolio, making the stock its 26th largest position. Legacy Financial Group LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $7,954,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in MTUM. Focus Partners Wealth raised its position in shares of iShares MSCI USA Momentum Factor ETF by 2,939.7% in the third quarter. Focus Partners Wealth now owns 927,145 shares of the company’s stock valued at $237,766,000 after purchasing an additional 896,644 shares during the period. CWM LLC lifted its stake in shares of iShares MSCI USA Momentum Factor ETF by 25.3% in the fourth quarter. CWM LLC now owns 1,141,425 shares of the company’s stock worth $285,710,000 after buying an additional 230,310 shares during the last quarter. Park Avenue Securities LLC boosted its holdings in shares of iShares MSCI USA Momentum Factor ETF by 35.7% during the 4th quarter. Park Avenue Securities LLC now owns 711,023 shares of the company’s stock worth $177,976,000 after buying an additional 187,155 shares during the period. Symmetry Partners LLC boosted its holdings in shares of iShares MSCI USA Momentum Factor ETF by 71.8% during the 4th quarter. Symmetry Partners LLC now owns 416,566 shares of the company’s stock worth $104,271,000 after buying an additional 174,074 shares during the period. Finally, Ameriprise Financial Inc. grew its stake in iShares MSCI USA Momentum Factor ETF by 15.8% in the 2nd quarter. Ameriprise Financial Inc. now owns 1,231,042 shares of the company’s stock valued at $295,986,000 after buying an additional 168,340 shares during the last quarter.
iShares MSCI USA Momentum Factor ETF Price Performance
Shares of MTUM opened at $307.25 on Friday. The company has a market capitalization of $22.43 billion, a PE ratio of 28.67 and a beta of 1.02. iShares MSCI USA Momentum Factor ETF has a one year low of $223.47 and a one year high of $307.96. The company’s fifty day moving average price is $263.17 and its 200 day moving average price is $256.07.
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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