Mullooly Asset Management Inc. lifted its position in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM – Free Report) by 1.9% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 140,424 shares of the company’s stock after purchasing an additional 2,568 shares during the quarter. iShares MSCI USA Momentum Factor ETF accounts for 12.9% of Mullooly Asset Management Inc.’s investment portfolio, making the stock its largest holding. Mullooly Asset Management Inc.’s holdings in iShares MSCI USA Momentum Factor ETF were worth $35,149,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Caliber Wealth Management LLC KS raised its holdings in shares of iShares MSCI USA Momentum Factor ETF by 0.4% in the 4th quarter. Caliber Wealth Management LLC KS now owns 9,680 shares of the company’s stock worth $2,423,000 after acquiring an additional 39 shares during the last quarter. Traction Financial Partners LLC raised its holdings in shares of iShares MSCI USA Momentum Factor ETF by 3.4% in the 4th quarter. Traction Financial Partners LLC now owns 1,206 shares of the company’s stock worth $302,000 after acquiring an additional 40 shares during the last quarter. Lunt Capital Management Inc. raised its holdings in shares of iShares MSCI USA Momentum Factor ETF by 3.0% in the 4th quarter. Lunt Capital Management Inc. now owns 1,500 shares of the company’s stock worth $375,000 after acquiring an additional 43 shares during the last quarter. Venturi Wealth Management LLC raised its holdings in shares of iShares MSCI USA Momentum Factor ETF by 1.2% in the 4th quarter. Venturi Wealth Management LLC now owns 3,942 shares of the company’s stock worth $987,000 after acquiring an additional 45 shares during the last quarter. Finally, Mutual Advisors LLC raised its holdings in shares of iShares MSCI USA Momentum Factor ETF by 0.8% in the 4th quarter. Mutual Advisors LLC now owns 5,728 shares of the company’s stock worth $1,434,000 after acquiring an additional 45 shares during the last quarter.
iShares MSCI USA Momentum Factor ETF Price Performance
MTUM opened at $294.32 on Tuesday. iShares MSCI USA Momentum Factor ETF has a fifty-two week low of $223.47 and a fifty-two week high of $307.96. The firm has a market capitalization of $21.49 billion, a PE ratio of 28.67 and a beta of 1.02. The company’s 50-day moving average is $265.07 and its 200 day moving average is $256.61.
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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