GTS Securities LLC raised its stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM – Free Report) by 232.6% during the second quarter, Holdings Channel.com reports. The institutional investor owned 14,936 shares of the company’s stock after purchasing an additional 10,445 shares during the quarter. GTS Securities LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $5,121,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Cary Street Partners Financial LLC bought a new stake in shares of 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 $25,000. Financial Network Wealth Advisors LLC increased its stake in iShares MSCI USA Momentum Factor ETF by 176.3% in the fourth quarter. Financial Network Wealth Advisors LLC now owns 105 shares of the company’s stock valued at $26,000 after acquiring an additional 67 shares during the last quarter. Turtle Creek Wealth Advisors LLC purchased a new stake in iShares MSCI USA Momentum Factor ETF during the first quarter valued at about $26,000. Finally, Indiana Trust & Investment Management Co purchased a new stake in iShares MSCI USA Momentum Factor ETF during the first quarter valued at about $26,000.
iShares MSCI USA Momentum Factor ETF Trading Down 1.5%
Shares of BATS MTUM opened at $299.71 on Friday. The stock 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 1-year low of $229.42 and a 1-year high of $345.59. The stock’s 50-day moving average is $312.96 and its 200 day moving average is $288.84.
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.
See Also
- Five stocks we like better than iShares MSCI USA Momentum Factor ETF
- From SaaS-pocalypse to Perfect Storm: Workday’s AI Growth Story Strengthens
- These 3 GARP Stocks Show Why Growth and Value Do Not Have to Clash
- Venture Into High-Volatility Corners of the Market With These 3 ETFs
- 3 Retail Stocks to Watch After a Big Consumer Earnings Week
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).
Receive News & Ratings for iShares MSCI USA Momentum Factor ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for iShares MSCI USA Momentum Factor ETF and related companies with MarketBeat.com's FREE daily email newsletter.
