iShares MSCI USA Momentum Factor ETF (BATS:MTUM) is State of Michigan Retirement System’s 10th Largest Position

State of Michigan Retirement System cut its stake in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 5.1% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 1,401,240 shares of the company’s stock after selling 75,200 shares during the period. iShares MSCI USA Momentum Factor ETF comprises about 1.4% of State of Michigan Retirement System’s holdings, making the stock its 10th biggest holding. State of Michigan Retirement System owned 2.55% of iShares MSCI USA Momentum Factor ETF worth $262,522,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. O Shaughnessy Asset Management LLC increased its position in shares of iShares MSCI USA Momentum Factor ETF by 83.4% during the third quarter. O Shaughnessy Asset Management LLC now owns 576 shares of the company’s stock worth $80,000 after purchasing an additional 262 shares in the last quarter. Trexquant Investment LP purchased a new stake in shares of iShares MSCI USA Momentum Factor ETF during the third quarter worth $743,000. Qube Research & Technologies Ltd grew its holdings in shares of iShares MSCI USA Momentum Factor ETF by 88.2% during the third quarter. Qube Research & Technologies Ltd now owns 15,600 shares of the company’s stock worth $2,179,000 after buying an additional 7,311 shares in the last quarter. Lido Advisors LLC raised its position in shares of iShares MSCI USA Momentum Factor ETF by 9.8% in the third quarter. Lido Advisors LLC now owns 71,171 shares of the company’s stock valued at $9,943,000 after buying an additional 6,335 shares during the last quarter. Finally, Rainsberger Wealth Advisors Inc. lifted its stake in shares of iShares MSCI USA Momentum Factor ETF by 1.2% in the third quarter. Rainsberger Wealth Advisors Inc. now owns 52,656 shares of the company’s stock worth $7,356,000 after buying an additional 630 shares in the last quarter.

iShares MSCI USA Momentum Factor ETF Price Performance

BATS MTUM traded up $1.19 during trading hours on Tuesday, hitting $196.39. 397,942 shares of the company’s stock traded hands. The firm’s 50-day moving average is $188.15 and its 200-day moving average is $178.79. The company has a market capitalization of $10.63 billion, a PE ratio of 18.53 and a beta of 1.10. iShares MSCI USA Momentum Factor ETF has a 52-week low of $81.37 and a 52-week 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.