Commonwealth Retirement Investments LLC Makes New Investment in iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

Commonwealth Retirement Investments LLC acquired a new stake in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 2,870 shares of the company’s stock, valued at approximately $594,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Assetmark Inc. boosted its holdings in iShares MSCI USA Momentum Factor ETF by 4.5% during the 3rd quarter. Assetmark Inc. now owns 1,692,983 shares of the company’s stock valued at $343,269,000 after acquiring an additional 72,891 shares during the period. Blue Trust Inc. lifted its position in iShares MSCI USA Momentum Factor ETF by 7.2% in the fourth quarter. Blue Trust Inc. now owns 1,225,308 shares of the company’s stock valued at $253,541,000 after purchasing an additional 81,918 shares during the last quarter. Cerity Partners LLC lifted its position in iShares MSCI USA Momentum Factor ETF by 2.5% in the third quarter. Cerity Partners LLC now owns 1,073,907 shares of the company’s stock valued at $217,745,000 after purchasing an additional 26,235 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management boosted its stake in shares of iShares MSCI USA Momentum Factor ETF by 3.7% during the fourth quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 995,986 shares of the company’s stock valued at $206,089,000 after purchasing an additional 35,468 shares during the period. Finally, FMR LLC grew its holdings in shares of iShares MSCI USA Momentum Factor ETF by 12.2% in the third quarter. FMR LLC now owns 674,367 shares of the company’s stock worth $136,735,000 after purchasing an additional 73,442 shares during the last quarter.

iShares MSCI USA Momentum Factor ETF Stock Up 4.1 %

Shares of BATS MTUM opened at $217.53 on Tuesday. The firm’s fifty day moving average is $216.56 and its 200 day moving average is $208.15. iShares MSCI USA Momentum Factor ETF has a 52 week low of $81.37 and a 52 week high of $113.60. The company has a market cap of $15.61 billion, a price-to-earnings ratio of 28.87 and a beta of 0.98.

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.