Flagship Harbor Advisors LLC Buys 3,721 Shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

Flagship Harbor Advisors LLC lifted its stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 102.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,362 shares of the company’s stock after buying an additional 3,721 shares during the period. Flagship Harbor Advisors LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $1,523,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of MTUM. Thurston Springer Miller Herd & Titak Inc. lifted its position in iShares MSCI USA Momentum Factor ETF by 1,880.0% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 198 shares of the company’s stock valued at $41,000 after purchasing an additional 188 shares during the last quarter. AdvisorNet Financial Inc increased its stake in shares of iShares MSCI USA Momentum Factor ETF by 51.4% in the fourth quarter. AdvisorNet Financial Inc now owns 218 shares of the company’s stock worth $45,000 after buying an additional 74 shares during the period. Signaturefd LLC raised its holdings in iShares MSCI USA Momentum Factor ETF by 1,550.0% during the 3rd quarter. Signaturefd LLC now owns 165 shares of the company’s stock valued at $33,000 after buying an additional 155 shares during the last quarter. Arizona PSPRS Trust raised its holdings in iShares MSCI USA Momentum Factor ETF by 2.0% during the 3rd quarter. Arizona PSPRS Trust now owns 362,613 shares of the company’s stock valued at $73,523,000 after buying an additional 7,115 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its position in iShares MSCI USA Momentum Factor ETF by 2.4% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 203,140 shares of the company’s stock valued at $39,586,000 after buying an additional 4,802 shares during the period.

iShares MSCI USA Momentum Factor ETF Trading Up 6.7 %

MTUM stock opened at $222.97 on Monday. The stock has a market capitalization of $12.07 billion, a price-to-earnings ratio of 18.53 and a beta of 1.10. The firm’s 50-day moving average price is $212.86 and its two-hundred day moving average price is $203.35. iShares MSCI USA Momentum Factor ETF has a 12-month low of $81.37 and a 12-month high of $113.60.

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.