14,346 Shares in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) Acquired by Bay Harbor Wealth Management LLC

Bay Harbor Wealth Management LLC acquired a new position in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 14,346 shares of the company’s stock, valued at approximately $2,968,000. iShares MSCI USA Momentum Factor ETF accounts for 1.0% of Bay Harbor Wealth Management LLC’s investment portfolio, making the stock its 27th biggest holding.

A number of other hedge funds have also added to or reduced their stakes in MTUM. Mather Group LLC. lifted its stake in iShares MSCI USA Momentum Factor ETF by 317.3% in the 4th quarter. Mather Group LLC. now owns 2,608 shares of the company’s stock valued at $540,000 after purchasing an additional 1,983 shares during the last quarter. Vantage Point Financial LLC acquired a new position in shares of iShares MSCI USA Momentum Factor ETF during the fourth quarter worth approximately $448,000. GDS Wealth Management raised its stake in shares of iShares MSCI USA Momentum Factor ETF by 7.9% in the fourth quarter. GDS Wealth Management now owns 2,265 shares of the company’s stock worth $469,000 after purchasing an additional 166 shares during the last quarter. Marshall Financial Group Inc. ADV increased its stake in iShares MSCI USA Momentum Factor ETF by 43.0% in the 4th quarter. Marshall Financial Group Inc. ADV now owns 10,677 shares of the company’s stock valued at $2,209,000 after buying an additional 3,212 shares during the last quarter. Finally, Prudent Investors Network Inc. increased its holdings in iShares MSCI USA Momentum Factor ETF by 5.0% during the fourth quarter. Prudent Investors Network Inc. now owns 81,866 shares of the company’s stock worth $16,940,000 after buying an additional 3,885 shares during the last quarter.

iShares MSCI USA Momentum Factor ETF Trading Up 5.1 %

iShares MSCI USA Momentum Factor ETF stock opened at $219.67 on Tuesday. The firm has a 50 day simple moving average of $213.40 and a 200 day simple moving average of $204.01. The firm has a market capitalization of $11.90 billion, a price-to-earnings ratio of 18.53 and a beta of 1.10. iShares MSCI USA Momentum Factor ETF has a 1-year low of $81.37 and a 1-year 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.