Sierra Ocean LLC Takes Position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

Sierra Ocean LLC acquired a new stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 1,710 shares of the company’s stock, valued at approximately $354,000.

Other institutional investors also recently bought and sold shares of the company. Fortitude Family Office LLC increased its stake in iShares MSCI USA Momentum Factor ETF by 1,255.6% in the 3rd quarter. Fortitude Family Office LLC now owns 122 shares of the company’s stock valued at $25,000 after buying an additional 113 shares during the period. Signaturefd LLC increased its stake in iShares MSCI USA Momentum Factor ETF by 1,550.0% in the 3rd quarter. Signaturefd LLC now owns 165 shares of the company’s stock valued at $33,000 after buying an additional 155 shares during the period. Thurston Springer Miller Herd & Titak Inc. increased its stake in iShares MSCI USA Momentum Factor ETF by 1,880.0% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 198 shares of the company’s stock valued at $41,000 after buying an additional 188 shares during the period. Capital Performance Advisors LLP acquired a new position in iShares MSCI USA Momentum Factor ETF in the 3rd quarter valued at $43,000. Finally, AdvisorNet Financial Inc increased its stake in iShares MSCI USA Momentum Factor ETF by 51.4% in the 4th quarter. AdvisorNet Financial Inc now owns 218 shares of the company’s stock valued at $45,000 after buying an additional 74 shares during the period.

iShares MSCI USA Momentum Factor ETF Stock Performance

Shares of MTUM opened at $228.40 on Monday. The stock has a market capitalization of $12.37 billion, a P/E ratio of 18.53 and a beta of 1.10. The company’s fifty day moving average is $215.19 and its two-hundred day moving average is $206.49. iShares MSCI USA Momentum Factor ETF has a 1 year low of $81.37 and a 1 year high of $113.60.

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.