iShares MSCI USA Momentum Factor ETF (BATS:MTUM) Shares Bought by Merit Financial Group LLC

Merit Financial Group LLC grew its holdings in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 450.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 32,658 shares of the company’s stock after buying an additional 26,725 shares during the period. Merit Financial Group LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $6,758,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Park Avenue Securities LLC grew its position in iShares MSCI USA Momentum Factor ETF by 1,055.4% in the 4th quarter. Park Avenue Securities LLC now owns 507,294 shares of the company’s stock valued at $104,969,000 after buying an additional 463,387 shares in the last quarter. Citigroup Inc. boosted its holdings in shares of iShares MSCI USA Momentum Factor ETF by 1,266.9% in the third quarter. Citigroup Inc. now owns 253,036 shares of the company’s stock valued at $51,305,000 after acquiring an additional 234,524 shares in the last quarter. Sanctuary Advisors LLC increased its stake in shares of iShares MSCI USA Momentum Factor ETF by 455.1% during the third quarter. Sanctuary Advisors LLC now owns 157,981 shares of the company’s stock valued at $33,952,000 after acquiring an additional 129,521 shares during the period. FMR LLC raised its holdings in iShares MSCI USA Momentum Factor ETF by 12.2% during the third quarter. FMR LLC now owns 674,367 shares of the company’s stock worth $136,735,000 after purchasing an additional 73,442 shares in the last quarter. Finally, Assetmark Inc. lifted its position in iShares MSCI USA Momentum Factor ETF by 4.5% in the third quarter. Assetmark Inc. now owns 1,692,983 shares of the company’s stock worth $343,269,000 after purchasing an additional 72,891 shares during the period.

iShares MSCI USA Momentum Factor ETF Stock Performance

Shares of MTUM stock opened at $217.36 on Friday. iShares MSCI USA Momentum Factor ETF has a 1 year low of $81.37 and a 1 year high of $113.60. The business’s fifty day moving average is $211.85 and its 200-day moving average is $202.56. The stock has a market cap of $11.77 billion, a PE ratio of 18.53 and a beta of 1.10.

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.