Kestra Private Wealth Services LLC Buys 36,143 Shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

Kestra Private Wealth Services LLC increased its stake in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 403.5% during the 4th quarter, Holdings Channel.com reports. The firm owned 45,100 shares of the company’s stock after acquiring an additional 36,143 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $9,332,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of MTUM. Park Avenue Securities LLC lifted its holdings in 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 worth $104,969,000 after buying an additional 463,387 shares in the last quarter. Janney Montgomery Scott LLC raised its position in shares of iShares MSCI USA Momentum Factor ETF by 140.9% during the fourth quarter. Janney Montgomery Scott LLC now owns 425,097 shares of the company’s stock worth $87,961,000 after acquiring an additional 248,600 shares during the last quarter. Citigroup Inc. lifted its stake in shares of iShares MSCI USA Momentum Factor ETF by 1,266.9% during the third quarter. Citigroup Inc. now owns 253,036 shares of the company’s stock valued at $51,305,000 after acquiring an additional 234,524 shares during the period. Foundations Investment Advisors LLC boosted its holdings in iShares MSCI USA Momentum Factor ETF by 245.6% in the fourth quarter. Foundations Investment Advisors LLC now owns 225,033 shares of the company’s stock valued at $46,564,000 after acquiring an additional 159,916 shares during the last quarter. Finally, JB Capital LLC acquired a new stake in iShares MSCI USA Momentum Factor ETF in the fourth quarter worth about $32,997,000.

iShares MSCI USA Momentum Factor ETF Trading Up 7.6 %

Shares of BATS:MTUM opened at $224.81 on Monday. iShares MSCI USA Momentum Factor ETF has a 1-year low of $81.37 and a 1-year high of $113.60. The stock has a market capitalization of $12.17 billion, a P/E ratio of 18.53 and a beta of 1.10. The business has a 50-day moving average price of $214.13 and a two-hundred day moving average price of $204.97.

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.