State of Michigan Retirement System grew its position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM – Free Report) by 4.1% in the first quarter, Holdings Channel reports. The fund owned 1,340,090 shares of the company’s stock after acquiring an additional 52,800 shares during the quarter. iShares MSCI USA Momentum Factor ETF accounts for 1.7% of State of Michigan Retirement System’s portfolio, making the stock its 9th largest holding. State of Michigan Retirement System’s holdings in iShares MSCI USA Momentum Factor ETF were worth $321,608,000 as of its most recent filing with the SEC.
Several other hedge funds also recently modified their holdings of the company. Dagco Inc. bought a new stake in iShares MSCI USA Momentum Factor ETF during the 4th quarter worth $25,000. Triumph Capital Management bought a new position in iShares MSCI USA Momentum Factor ETF in the third quarter valued at about $25,000. Cary Street Partners Financial LLC bought a new position in iShares MSCI USA Momentum Factor ETF in the fourth quarter valued at about $25,000. Eagle Bay Advisors LLC acquired a new stake in shares of iShares MSCI USA Momentum Factor ETF during the fourth quarter valued at about $26,000. Finally, Financial Network Wealth Advisors LLC boosted its stake in shares of iShares MSCI USA Momentum Factor ETF by 176.3% during the fourth quarter. Financial Network Wealth Advisors LLC now owns 105 shares of the company’s stock valued at $26,000 after purchasing an additional 67 shares in the last quarter.
iShares MSCI USA Momentum Factor ETF Trading Down 2.2%
BATS:MTUM opened at $314.63 on Tuesday. The stock’s 50-day moving average is $316.41 and its 200-day moving average is $276.75. iShares MSCI USA Momentum Factor ETF has a 1-year low of $229.42 and a 1-year high of $345.59. The stock has a market cap of $22.97 billion, a P/E 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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Want to see what other hedge funds are holding MTUM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares MSCI USA Momentum Factor ETF (BATS:MTUM – Free Report).
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