Independent Financial Group LLC bought a new position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM – Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 25,596 shares of the company’s stock, valued at approximately $6,143,000.
A number of other large investors also recently modified their holdings of the stock. Beacon Financial Advisory LLC grew its stake in shares of iShares MSCI USA Momentum Factor ETF by 2.5% during the first quarter. Beacon Financial Advisory LLC now owns 1,504 shares of the company’s stock valued at $361,000 after purchasing an additional 36 shares during the last quarter. Caliber Wealth Management LLC KS raised its position in 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 purchasing an additional 39 shares during the last quarter. Traction Financial Partners LLC lifted its holdings in iShares MSCI USA Momentum Factor ETF by 3.4% during the 4th quarter. Traction Financial Partners LLC now owns 1,206 shares of the company’s stock worth $302,000 after buying an additional 40 shares in the last quarter. Clark Capital Management Group Inc. boosted its position in iShares MSCI USA Momentum Factor ETF by 4.3% in the 4th quarter. Clark Capital Management Group Inc. now owns 994 shares of the company’s stock valued at $249,000 after buying an additional 41 shares during the last quarter. Finally, Lunt Capital Management Inc. boosted its position in 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 valued at $375,000 after buying an additional 43 shares during the last quarter.
iShares MSCI USA Momentum Factor ETF Stock Performance
BATS MTUM opened at $303.41 on Friday. The stock has a market capitalization of $22.15 billion, a P/E ratio of 28.67 and a beta of 1.02. iShares MSCI USA Momentum Factor ETF has a 52 week low of $229.42 and a 52 week high of $345.59. The stock has a fifty day moving average of $317.44 and a 200-day moving average of $277.95.
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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