Townsquare Capital LLC Purchases 6,874 Shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

Townsquare Capital LLC raised its holdings in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 102.1% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 13,605 shares of the company’s stock after acquiring an additional 6,874 shares during the quarter. Townsquare Capital LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $2,815,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in MTUM. Rockefeller Capital Management L.P. raised its holdings in iShares MSCI USA Momentum Factor ETF by 1.5% during the fourth quarter. Rockefeller Capital Management L.P. now owns 51,053 shares of the company’s stock worth $10,564,000 after acquiring an additional 748 shares in the last quarter. Bessemer Group Inc. increased its position in shares of iShares MSCI USA Momentum Factor ETF by 137.8% during the 4th quarter. Bessemer Group Inc. now owns 3,180 shares of the company’s stock worth $658,000 after purchasing an additional 1,843 shares during the last quarter. Maxwell Wealth Strategies Inc. acquired a new position in shares of iShares MSCI USA Momentum Factor ETF during the 4th quarter worth approximately $2,005,000. Faithward Advisors LLC bought a new stake in shares of iShares MSCI USA Momentum Factor ETF during the 4th quarter worth approximately $201,000. Finally, Advisory Services Network LLC boosted its holdings in shares of iShares MSCI USA Momentum Factor ETF by 10.3% in the 4th quarter. Advisory Services Network LLC now owns 75,642 shares of the company’s stock valued at $15,652,000 after buying an additional 7,088 shares during the last quarter.

iShares MSCI USA Momentum Factor ETF Trading Down 4.8 %

BATS:MTUM opened at $198.91 on Wednesday. The firm has a fifty day simple moving average of $207.66 and a 200 day simple moving average of $209.91. iShares MSCI USA Momentum Factor ETF has a 1-year low of $168.49 and a 1-year high of $229.77. The stock has a market capitalization of $13.69 billion, a PE ratio of 27.38 and a beta of 1.00.

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.