Forte Asset Management LLC Buys Shares of 25,378 iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

Forte Asset Management LLC bought a new stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 25,378 shares of the company’s stock, valued at approximately $5,251,000. iShares MSCI USA Momentum Factor ETF comprises approximately 2.8% of Forte Asset Management LLC’s holdings, making the stock its 14th biggest holding.

A number of other large investors also recently bought and sold shares of MTUM. Thurston Springer Miller Herd & Titak Inc. raised its holdings 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 acquiring an additional 188 shares in the last quarter. AdvisorNet Financial Inc raised its holdings in 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 valued at $45,000 after acquiring an additional 74 shares in the last quarter. Signaturefd LLC raised its holdings in iShares MSCI USA Momentum Factor ETF by 1,550.0% in the third quarter. Signaturefd LLC now owns 165 shares of the company’s stock valued at $33,000 after acquiring an additional 155 shares in the last quarter. Arizona PSPRS Trust raised its holdings in iShares MSCI USA Momentum Factor ETF by 2.0% in the third quarter. Arizona PSPRS Trust now owns 362,613 shares of the company’s stock valued at $73,523,000 after acquiring an additional 7,115 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its holdings in iShares MSCI USA Momentum Factor ETF by 2.4% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 203,140 shares of the company’s stock valued at $39,586,000 after acquiring an additional 4,802 shares in the last quarter.

iShares MSCI USA Momentum Factor ETF Stock Up 2.3 %

Shares of BATS:MTUM opened at $213.85 on Tuesday. The firm’s 50 day moving average price is $212.86 and its 200 day moving average price is $203.36. The stock has a market cap of $11.58 billion, a price-to-earnings ratio of 18.53 and a beta of 1.10. iShares MSCI USA Momentum Factor ETF has a fifty-two week low of $81.37 and a fifty-two week high of $113.60.

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.