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

Royal Fund Management LLC boosted its position in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 2.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 42,061 shares of the company’s stock after purchasing an additional 1,204 shares during the period. iShares MSCI USA Momentum Factor ETF accounts for 0.8% of Royal Fund Management LLC’s investment portfolio, making the stock its 26th biggest holding. Royal Fund Management LLC owned 0.08% of iShares MSCI USA Momentum Factor ETF worth $8,748,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Shore Point Advisors LLC grew its stake in iShares MSCI USA Momentum Factor ETF by 6.0% during the 4th quarter. Shore Point Advisors LLC now owns 5,017 shares of the company’s stock valued at $1,038,000 after acquiring an additional 286 shares in the last quarter. Trueblood Wealth Management LLC lifted its position in iShares MSCI USA Momentum Factor ETF by 38.7% in the 4th quarter. Trueblood Wealth Management LLC now owns 2,615 shares of the company’s stock worth $541,000 after buying an additional 729 shares in the last quarter. Diversify Advisory Services LLC acquired a new stake in shares of iShares MSCI USA Momentum Factor ETF during the 4th quarter valued at $436,000. RoundAngle Advisors LLC purchased a new position in shares of iShares MSCI USA Momentum Factor ETF during the 4th quarter valued at $2,681,000. Finally, Client 1ST Advisory Group LLC acquired a new position in shares of iShares MSCI USA Momentum Factor ETF in the fourth quarter worth $414,000.

iShares MSCI USA Momentum Factor ETF Stock Up 4.0 %

MTUM stock opened at $217.36 on Tuesday. The firm has a 50 day moving average of $211.92 and a two-hundred day moving average of $202.73. iShares MSCI USA Momentum Factor ETF has a 12 month low of $81.37 and a 12 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.

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.