First Merchants Corp Acquires New Stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

First Merchants Corp bought a new position in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 2,188 shares of the company’s stock, valued at approximately $426,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Envestnet Asset Management Inc. lifted its position in shares of iShares MSCI USA Momentum Factor ETF by 3.3% during the 4th quarter. Envestnet Asset Management Inc. now owns 7,143,076 shares of the company’s stock worth $1,120,677,000 after purchasing an additional 229,231 shares during the last quarter. Sculati Wealth Management LLC acquired a new position in shares of iShares MSCI USA Momentum Factor ETF in the 4th quarter valued at $201,000. Traction Financial Partners LLC purchased a new stake in iShares MSCI USA Momentum Factor ETF in the 4th quarter valued at $323,000. Franklin Resources Inc. boosted its stake in iShares MSCI USA Momentum Factor ETF by 38.3% during the 4th quarter. Franklin Resources Inc. now owns 59,950 shares of the company’s stock worth $9,406,000 after purchasing an additional 16,611 shares during the period. Finally, TSA Wealth Managment LLC purchased a new position in iShares MSCI USA Momentum Factor ETF during the 4th quarter worth $301,000.

iShares MSCI USA Momentum Factor ETF Stock Performance

BATS MTUM opened at $197.87 on Friday. iShares MSCI USA Momentum Factor ETF has a one year low of $81.37 and a one year high of $113.60. The firm has a market cap of $10.71 billion, a PE ratio of 18.53 and a beta of 1.10. The firm’s fifty day moving average is $192.81 and its two-hundred day moving average is $187.18.

About iShares MSCI USA Momentum Factor ETF

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.