Canandaigua National Trust Co of Florida Purchases New Shares in iShares MSCI USA Momentum Factor ETF $MTUM

Canandaigua National Trust Co of Florida purchased a new stake in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 1,214 shares of the company’s stock, valued at approximately $292,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Bank of New York Mellon Corp increased its holdings in iShares MSCI USA Momentum Factor ETF by 5.8% during the 1st quarter. Bank of New York Mellon Corp now owns 215,086 shares of the company’s stock valued at $43,475,000 after purchasing an additional 11,729 shares in the last quarter. Dynamic Advisor Solutions LLC increased its stake in shares of iShares MSCI USA Momentum Factor ETF by 15.7% in the 1st quarter. Dynamic Advisor Solutions LLC now owns 1,888 shares of the company’s stock valued at $382,000 after buying an additional 256 shares during the period. CX Institutional acquired a new stake in shares of iShares MSCI USA Momentum Factor ETF in the 1st quarter valued at $43,000. Johnson Investment Counsel Inc. increased its stake in shares of iShares MSCI USA Momentum Factor ETF by 3.9% in the 1st quarter. Johnson Investment Counsel Inc. now owns 1,801 shares of the company’s stock valued at $364,000 after buying an additional 67 shares during the period. Finally, SG Americas Securities LLC acquired a new stake in shares of iShares MSCI USA Momentum Factor ETF in the 1st quarter valued at $1,213,000.

iShares MSCI USA Momentum Factor ETF Stock Performance

BATS MTUM opened at $253.51 on Monday. The stock has a fifty day moving average of $242.83 and a 200-day moving average of $224.79. The stock has a market capitalization of $18.51 billion, a P/E ratio of 28.67 and a beta of 1.02. iShares MSCI USA Momentum Factor ETF has a 52 week low of $168.49 and a 52 week high of $240.99.

About iShares MSCI USA Momentum Factor ETF

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.