Synergy Asset Management LLC acquired a new stake in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM – Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 7,615 shares of the company’s stock, valued at approximately $2,611,000.
A number of other institutional investors also recently modified their holdings of MTUM. Cary Street Partners Financial LLC bought a new stake in shares of iShares MSCI USA Momentum Factor ETF in the fourth quarter worth about $25,000. Triumph Capital Management bought a new position in iShares MSCI USA Momentum Factor ETF during the 3rd quarter valued at approximately $25,000. Financial Network Wealth Advisors LLC raised its position in iShares MSCI USA Momentum Factor ETF by 176.3% during the 4th 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 during the last quarter. Turtle Creek Wealth Advisors LLC purchased a new stake in iShares MSCI USA Momentum Factor ETF in the 1st quarter worth approximately $26,000. Finally, Indiana Trust & Investment Management Co purchased a new stake in iShares MSCI USA Momentum Factor ETF in the 1st quarter worth approximately $26,000.
iShares MSCI USA Momentum Factor ETF Stock Performance
MTUM opened at $316.03 on Friday. The stock has a market capitalization of $23.07 billion, a PE ratio of 28.67 and a beta of 1.02. The stock’s 50 day moving average price is $316.33 and its 200-day moving average price is $285.07. iShares MSCI USA Momentum Factor ETF has a 52-week low of $229.42 and a 52-week high of $345.59.
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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