Peddock Capital Advisors LLC Purchases 1,215 Shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

Peddock Capital Advisors LLC grew its position in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 14.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 9,688 shares of the company’s stock after buying an additional 1,215 shares during the quarter. Peddock Capital Advisors LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $1,520,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Crestwood Advisors Group LLC raised its holdings in shares of iShares MSCI USA Momentum Factor ETF by 4.2% during the third quarter. Crestwood Advisors Group LLC now owns 11,222 shares of the company’s stock valued at $1,568,000 after purchasing an additional 449 shares during the last quarter. Simplicity Solutions LLC bought a new position in iShares MSCI USA Momentum Factor ETF in the fourth quarter valued at about $572,000. J.W. Cole Advisors Inc. boosted its position in iShares MSCI USA Momentum Factor ETF by 3.1% in the fourth quarter. J.W. Cole Advisors Inc. now owns 10,592 shares of the company’s stock worth $1,662,000 after purchasing an additional 317 shares during the last quarter. Brookstone Capital Management grew its stake in shares of iShares MSCI USA Momentum Factor ETF by 10.3% during the 4th quarter. Brookstone Capital Management now owns 4,028 shares of the company’s stock valued at $632,000 after purchasing an additional 376 shares during the period. Finally, Corient Private Wealth LLC increased its position in shares of iShares MSCI USA Momentum Factor ETF by 2.1% during the 3rd quarter. Corient Private Wealth LLC now owns 652,951 shares of the company’s stock valued at $91,217,000 after purchasing an additional 13,613 shares during the last quarter.

iShares MSCI USA Momentum Factor ETF Price Performance

Shares of MTUM traded down $0.11 on Wednesday, reaching $183.65. The company’s stock had a trading volume of 1,636,421 shares. The stock’s 50 day simple moving average is $183.59 and its two-hundred day simple moving average is $166.75. The stock has a market capitalization of $9.94 billion, a P/E ratio of 18.53 and a beta of 1.10. iShares MSCI USA Momentum Factor ETF has a 12-month low of $81.37 and a 12-month high of $113.60.

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.