Ehrlich Financial Group Purchases Shares of 8,039 iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

Ehrlich Financial Group bought a new position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 8,039 shares of the company’s stock, valued at approximately $1,663,000. iShares MSCI USA Momentum Factor ETF comprises approximately 1.2% of Ehrlich Financial Group’s portfolio, making the stock its 24th largest position.

Other institutional investors have also recently bought and sold shares of the company. Citigroup Inc. grew its stake in shares of iShares MSCI USA Momentum Factor ETF by 1,266.9% during the 3rd quarter. Citigroup Inc. now owns 253,036 shares of the company’s stock valued at $51,305,000 after buying an additional 234,524 shares during the period. Mercer Global Advisors Inc. ADV grew its position in iShares MSCI USA Momentum Factor ETF by 2.9% during the second quarter. Mercer Global Advisors Inc. ADV now owns 7,551,417 shares of the company’s stock valued at $1,463,815,000 after acquiring an additional 213,637 shares during the period. Sanctuary Advisors LLC increased its stake in iShares MSCI USA Momentum Factor ETF by 455.1% during the third quarter. Sanctuary Advisors LLC now owns 157,981 shares of the company’s stock worth $33,952,000 after acquiring an additional 129,521 shares during the last quarter. FMR LLC raised its holdings in shares of iShares MSCI USA Momentum Factor ETF by 12.2% in the 3rd quarter. FMR LLC now owns 674,367 shares of the company’s stock worth $136,735,000 after purchasing an additional 73,442 shares during the period. Finally, Assetmark Inc. lifted its stake in shares of iShares MSCI USA Momentum Factor ETF by 4.5% in the 3rd quarter. Assetmark Inc. now owns 1,692,983 shares of the company’s stock valued at $343,269,000 after purchasing an additional 72,891 shares in the last quarter.

iShares MSCI USA Momentum Factor ETF Price Performance

BATS MTUM traded down $2.88 during mid-day trading on Monday, hitting $206.90. The company’s stock had a trading volume of 1,026,117 shares. The firm has a market capitalization of $11.20 billion, a P/E 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. The stock’s fifty day simple moving average is $211.56 and its two-hundred day simple moving average is $202.07.

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.