Janney Montgomery Scott LLC Purchases 248,600 Shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

Janney Montgomery Scott LLC boosted its holdings in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 140.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 425,097 shares of the company’s stock after buying an additional 248,600 shares during the period. Janney Montgomery Scott LLC owned approximately 0.79% of iShares MSCI USA Momentum Factor ETF worth $87,961,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Marino Stram & Associates LLC lifted its holdings in shares of iShares MSCI USA Momentum Factor ETF by 9.4% during the 4th quarter. Marino Stram & Associates LLC now owns 6,254 shares of the company’s stock worth $1,294,000 after acquiring an additional 536 shares during the last quarter. Magnus Financial Group LLC lifted its stake in iShares MSCI USA Momentum Factor ETF by 14.6% in the fourth quarter. Magnus Financial Group LLC now owns 7,107 shares of the company’s stock worth $1,471,000 after purchasing an additional 906 shares during the last quarter. Braun Bostich & Associates Inc. bought a new position in iShares MSCI USA Momentum Factor ETF during the 4th quarter valued at approximately $1,284,000. Aspire Private Capital LLC grew its position in shares of iShares MSCI USA Momentum Factor ETF by 134.0% in the 4th quarter. Aspire Private Capital LLC now owns 3,346 shares of the company’s stock worth $692,000 after buying an additional 1,916 shares during the last quarter. Finally, Royal Fund Management LLC grew its position in shares of iShares MSCI USA Momentum Factor ETF by 2.9% in the 4th quarter. Royal Fund Management LLC now owns 42,061 shares of the company’s stock worth $8,748,000 after buying an additional 1,204 shares during the last quarter.

iShares MSCI USA Momentum Factor ETF Stock Up 6.2 %

BATS MTUM opened at $222.02 on Thursday. iShares MSCI USA Momentum Factor ETF has a twelve month low of $81.37 and a twelve month high of $113.60. The firm has a market capitalization of $12.02 billion, a PE ratio of 18.53 and a beta of 1.10. The stock’s 50 day moving average is $212.09 and its 200 day moving average is $202.89.

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.