Successful Portfolios LLC Makes New Investment in iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

Successful Portfolios LLC purchased a new stake in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) during the 4th quarter, Holdings Channel.com reports. The fund purchased 1,413 shares of the company’s stock, valued at approximately $222,000.

A number of other hedge funds have also added to or reduced their stakes in MTUM. Syntal Capital Partners LLC increased its stake in iShares MSCI USA Momentum Factor ETF by 23.6% during the 1st quarter. Syntal Capital Partners LLC now owns 31,899 shares of the company’s stock valued at $5,367,000 after purchasing an additional 6,090 shares in the last quarter. Stonebridge Capital Advisors LLC increased its position in shares of iShares MSCI USA Momentum Factor ETF by 63.5% during the first quarter. Stonebridge Capital Advisors LLC now owns 1,192 shares of the company’s stock valued at $201,000 after acquiring an additional 463 shares during the last quarter. Eudaimonia Partners LLC acquired a new position in shares of iShares MSCI USA Momentum Factor ETF in the first quarter valued at approximately $689,000. Quantbot Technologies LP purchased a new stake in shares of iShares MSCI USA Momentum Factor ETF during the 1st quarter worth approximately $329,000. Finally, BNP Paribas Arbitrage SNC raised its position in iShares MSCI USA Momentum Factor ETF by 1,202.4% in the 3rd quarter. BNP Paribas Arbitrage SNC now owns 534 shares of the company’s stock valued at $70,000 after purchasing an additional 493 shares during the last quarter.

iShares MSCI USA Momentum Factor ETF Stock Performance

MTUM traded down $0.35 during trading on Thursday, hitting $187.37. The stock had a trading volume of 2,149,897 shares. The firm has a market capitalization of $11.65 billion, a P/E ratio of 19.35 and a beta of 0.91. The company’s 50-day moving average price is $178.33 and its 200 day moving average price is $158.37. iShares MSCI USA Momentum Factor ETF has a twelve month low of $81.37 and a twelve month high of $113.60.

iShares MSCI USA Momentum Factor ETF 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.