Brooklyn FI LLC Takes $3.38 Million Position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

Brooklyn FI LLC bought a new position in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) in the 4th quarter, Holdings Channel reports. The fund bought 16,128 shares of the company’s stock, valued at approximately $3,379,000.

A number of other hedge funds have also added to or reduced their stakes in MTUM. Raymond James Financial Inc. bought a new position in shares of iShares MSCI USA Momentum Factor ETF during the 4th quarter worth approximately $574,824,000. Envestnet Portfolio Solutions Inc. lifted its position in shares of iShares MSCI USA Momentum Factor ETF by 5,196.8% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 689,435 shares of the company’s stock valued at $142,658,000 after acquiring an additional 676,419 shares during the period. Park Avenue Securities LLC grew its holdings in iShares MSCI USA Momentum Factor ETF by 1,055.4% in the fourth quarter. Park Avenue Securities LLC now owns 507,294 shares of the company’s stock worth $104,969,000 after purchasing an additional 463,387 shares during the period. Summit Rock Advisors LP acquired a new stake in iShares MSCI USA Momentum Factor ETF in the fourth quarter worth $65,392,000. Finally, Janney Montgomery Scott LLC increased its stake in iShares MSCI USA Momentum Factor ETF by 140.9% in the fourth 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 in the last quarter.

iShares MSCI USA Momentum Factor ETF Trading Down 4.2 %

Shares of BATS MTUM opened at $200.22 on Wednesday. iShares MSCI USA Momentum Factor ETF has a 1-year low of $168.49 and a 1-year high of $229.77. The firm has a market capitalization of $13.77 billion, a P/E ratio of 27.42 and a beta of 0.99. The firm’s 50-day moving average price is $215.65 and its 200-day moving average price is $209.84.

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.