iShares MSCI USA Momentum Factor ETF (BATS:MTUM) Stock Position Raised by Trueblood Wealth Management LLC

Trueblood Wealth Management LLC lifted its position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 38.7% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,615 shares of the company’s stock after buying an additional 729 shares during the quarter. Trueblood Wealth Management LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $541,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in MTUM. Blair William & Co. IL increased its stake in shares of iShares MSCI USA Momentum Factor ETF by 1.9% during the 2nd quarter. Blair William & Co. IL now owns 8,068 shares of the company’s stock worth $1,572,000 after purchasing an additional 149 shares during the last quarter. Benjamin F. Edwards & Company Inc. boosted its holdings in iShares MSCI USA Momentum Factor ETF by 407.5% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 4,060 shares of the company’s stock worth $791,000 after purchasing an additional 3,260 shares in the last quarter. DRW Securities LLC acquired a new position in iShares MSCI USA Momentum Factor ETF during the second quarter worth $604,000. Bank of Montreal Can raised its holdings in iShares MSCI USA Momentum Factor ETF by 91.7% during the second quarter. Bank of Montreal Can now owns 2,573 shares of the company’s stock valued at $502,000 after buying an additional 1,231 shares in the last quarter. Finally, Marshall Wace LLP lifted its position in shares of iShares MSCI USA Momentum Factor ETF by 253.6% in the second quarter. Marshall Wace LLP now owns 24,753 shares of the company’s stock worth $4,824,000 after buying an additional 17,753 shares during the last quarter.

iShares MSCI USA Momentum Factor ETF Stock Performance

Shares of MTUM stock opened at $217.36 on Monday. The stock’s 50 day simple moving average is $211.85 and its 200 day simple moving average is $202.60. iShares MSCI USA Momentum Factor ETF has a twelve month low of $81.37 and a twelve month high of $113.60. The company has a market capitalization of $11.77 billion, a price-to-earnings ratio of 18.53 and a beta of 1.10.

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.