Davidson Investment Advisors bought a new position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM – Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 49,002 shares of the company’s stock, valued at approximately $16,799,000. Davidson Investment Advisors owned about 0.07% of iShares MSCI USA Momentum Factor ETF at the end of the most recent quarter.
A number of other large investors also recently modified their holdings of the stock. Cary Street Partners Financial LLC bought a new stake in shares of iShares MSCI USA Momentum Factor ETF during the fourth quarter valued at approximately $25,000. Triumph Capital Management acquired a new position in iShares MSCI USA Momentum Factor ETF during the 3rd quarter worth $25,000. Financial Network Wealth Advisors LLC lifted its holdings 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 worth $26,000 after buying an additional 67 shares in the last quarter. Turtle Creek Wealth Advisors LLC bought a new position in iShares MSCI USA Momentum Factor ETF in the 1st quarter valued at $26,000. Finally, Indiana Trust & Investment Management Co acquired a new stake in shares of iShares MSCI USA Momentum Factor ETF in the 1st quarter valued at $26,000.
iShares MSCI USA Momentum Factor ETF Stock Down 1.5%
Shares of MTUM stock opened at $299.71 on Friday. The stock has a 50-day moving average price of $312.96 and a 200 day moving average price of $288.84. The firm has a market cap of $21.88 billion, a price-to-earnings ratio of 28.67 and a beta of 1.02. iShares MSCI USA Momentum Factor ETF has a 12 month low of $229.42 and a 12 month high of $345.59.
About iShares MSCI USA Momentum Factor ETF
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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