Strategic Investment Advisors MI Buys 1,494 Shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

Strategic Investment Advisors MI boosted its stake in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 4.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 31,808 shares of the company’s stock after purchasing an additional 1,494 shares during the period. Strategic Investment Advisors MI owned about 0.06% of iShares MSCI USA Momentum Factor ETF worth $6,582,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in MTUM. Park Avenue Securities LLC raised its position in shares of iShares MSCI USA Momentum Factor ETF by 1,055.4% during the 4th quarter. Park Avenue Securities LLC now owns 507,294 shares of the company’s stock valued at $104,969,000 after purchasing an additional 463,387 shares during the period. Janney Montgomery Scott LLC raised its position in shares of iShares MSCI USA Momentum Factor ETF by 140.9% during the 4th quarter. Janney Montgomery Scott LLC now owns 425,097 shares of the company’s stock valued at $87,961,000 after purchasing an additional 248,600 shares during the period. Citigroup Inc. raised its position in shares of iShares MSCI USA Momentum Factor ETF by 1,266.9% during the 3rd quarter. Citigroup Inc. now owns 253,036 shares of the company’s stock valued at $51,305,000 after purchasing an additional 234,524 shares during the period. Sanctuary Advisors LLC raised its position in shares of iShares MSCI USA Momentum Factor ETF by 455.1% during the 3rd quarter. Sanctuary Advisors LLC now owns 157,981 shares of the company’s stock valued at $33,952,000 after purchasing an additional 129,521 shares during the period. Finally, FMR LLC raised its position in shares of iShares MSCI USA Momentum Factor ETF by 12.2% during the 3rd quarter. FMR LLC now owns 674,367 shares of the company’s stock valued at $136,735,000 after purchasing an additional 73,442 shares during the period.

iShares MSCI USA Momentum Factor ETF Stock Performance

MTUM opened at $222.97 on Monday. The stock has a market capitalization of $12.07 billion, a price-to-earnings ratio of 18.53 and a beta of 1.10. The company has a fifty day moving average of $212.86 and a 200 day moving average of $203.35. iShares MSCI USA Momentum Factor ETF has a fifty-two week low of $81.37 and a fifty-two week 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.