Mutual Advisors LLC Increases Position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

Mutual Advisors LLC increased its stake in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 4.1% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 6,130 shares of the company’s stock after acquiring an additional 242 shares during the period. Mutual Advisors LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $1,314,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the stock. LongView Wealth Management lifted its stake in shares of iShares MSCI USA Momentum Factor ETF by 2.0% in the 4th quarter. LongView Wealth Management now owns 2,729 shares of the company’s stock worth $565,000 after acquiring an additional 54 shares during the period. Householder Group Estate & Retirement Specialist LLC increased its holdings in shares of iShares MSCI USA Momentum Factor ETF by 5.8% in the 4th quarter. Householder Group Estate & Retirement Specialist LLC now owns 1,084 shares of the company’s stock valued at $224,000 after purchasing an additional 59 shares in the last quarter. MinichMacGregor Wealth Management LLC boosted its stake in shares of iShares MSCI USA Momentum Factor ETF by 3.9% during the 3rd quarter. MinichMacGregor Wealth Management LLC now owns 1,676 shares of the company’s stock worth $340,000 after acquiring an additional 63 shares in the last quarter. GDS Wealth Management boosted its position in iShares MSCI USA Momentum Factor ETF by 3.2% during the third quarter. GDS Wealth Management now owns 2,099 shares of the company’s stock worth $426,000 after purchasing an additional 65 shares in the last quarter. Finally, Tyche Wealth Partners LLC boosted its position in shares of iShares MSCI USA Momentum Factor ETF by 2.7% in the 3rd quarter. Tyche Wealth Partners LLC now owns 2,533 shares of the company’s stock worth $514,000 after buying an additional 66 shares in the last quarter.

iShares MSCI USA Momentum Factor ETF Price Performance

MTUM stock opened at $222.97 on Friday. The company’s 50 day simple moving average is $212.86 and its 200-day simple moving average is $203.35. The firm has a market capitalization of $12.07 billion, a PE ratio of 18.53 and a beta of 1.10. iShares MSCI USA Momentum Factor ETF has a 12 month low of $81.37 and a 12 month high of $113.60.

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.