Successful Portfolios LLC Acquires New Shares in iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

Successful Portfolios LLC acquired a new stake in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 1,413 shares of the company’s stock, valued at approximately $222,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Strategic Investment Solutions Inc. IL bought a new stake in iShares MSCI USA Momentum Factor ETF during the first quarter worth $31,000. Fortis Capital Advisors LLC lifted its position in shares of iShares MSCI USA Momentum Factor ETF by 44.9% during the 1st quarter. Fortis Capital Advisors LLC now owns 271 shares of the company’s stock valued at $38,000 after buying an additional 84 shares during the last quarter. Baker Avenue Asset Management LP lifted its position in shares of iShares MSCI USA Momentum Factor ETF by 46.8% during the 3rd quarter. Baker Avenue Asset Management LP now owns 279 shares of the company’s stock valued at $39,000 after buying an additional 89 shares during the last quarter. Sound Income Strategies LLC lifted its position in shares of iShares MSCI USA Momentum Factor ETF by 281.5% during the 4th quarter. Sound Income Strategies LLC now owns 248 shares of the company’s stock valued at $39,000 after buying an additional 183 shares during the last quarter. Finally, BluePath Capital Management LLC purchased a new position in shares of iShares MSCI USA Momentum Factor ETF during the 3rd quarter valued at $41,000.

iShares MSCI USA Momentum Factor ETF Stock Performance

BATS MTUM traded down $0.35 during trading hours on Thursday, hitting $187.37. The company had a trading volume of 2,149,897 shares. The firm has a 50 day simple moving average of $178.33 and a 200 day simple moving average of $158.37. iShares MSCI USA Momentum Factor ETF has a 52 week low of $81.37 and a 52 week high of $113.60. The firm has a market capitalization of $11.65 billion, a price-to-earnings ratio of 19.35 and a beta of 0.91.

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.