Clark Asset Management LLC purchased a new stake in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM – Free Report) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 1,503 shares of the company’s stock, valued at approximately $361,000.
Several other institutional investors also recently modified their holdings of MTUM. Bison Wealth LLC increased its holdings in iShares MSCI USA Momentum Factor ETF by 4.4% in the 4th quarter. Bison Wealth LLC now owns 3,148 shares of the company’s stock worth $651,000 after buying an additional 133 shares in the last quarter. Empowered Funds LLC purchased a new position in iShares MSCI USA Momentum Factor ETF in the 1st quarter worth about $2,488,000. Russell Investments Group Ltd. lifted its stake in iShares MSCI USA Momentum Factor ETF by 15.1% during the 2nd quarter. Russell Investments Group Ltd. now owns 973 shares of the company’s stock valued at $234,000 after acquiring an additional 128 shares during the period. First Trust Advisors LP bought a new position in iShares MSCI USA Momentum Factor ETF during the 2nd quarter valued at about $350,000. Finally, Qube Research & Technologies Ltd boosted its holdings in shares of iShares MSCI USA Momentum Factor ETF by 543.9% during the 2nd quarter. Qube Research & Technologies Ltd now owns 127,461 shares of the company’s stock valued at $30,631,000 after acquiring an additional 107,665 shares during the last quarter.
iShares MSCI USA Momentum Factor ETF Price Performance
Shares of BATS MTUM opened at $338.52 on Monday. The firm’s 50-day moving average price is $299.59 and its 200-day moving average price is $268.29. iShares MSCI USA Momentum Factor ETF has a 52-week low of $229.42 and a 52-week high of $339.83. The company has a market cap of $24.71 billion, a PE ratio of 28.67 and a beta of 1.02.
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. MTUM was launched on Apr 16, 2013 and is managed by BlackRock.
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