Armbruster Capital Management Inc. Raises Holdings in iShares MSCI USA Momentum Factor ETF $MTUM

Armbruster Capital Management Inc. grew its position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 1.2% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 208,216 shares of the company’s stock after purchasing an additional 2,448 shares during the period. iShares MSCI USA Momentum Factor ETF makes up approximately 9.1% of Armbruster Capital Management Inc.’s investment portfolio, making the stock its 2nd largest holding. Armbruster Capital Management Inc. owned 0.29% of iShares MSCI USA Momentum Factor ETF worth $50,038,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Cullen Frost Bankers Inc. bought a new stake in shares of iShares MSCI USA Momentum Factor ETF in the first quarter valued at about $26,000. Compass Wealth Management LLC bought a new stake in shares of iShares MSCI USA Momentum Factor ETF in the first quarter valued at about $30,000. Cornerstone Planning Group LLC increased its position in shares of iShares MSCI USA Momentum Factor ETF by 140.3% in the first quarter. Cornerstone Planning Group LLC now owns 149 shares of the company’s stock valued at $30,000 after acquiring an additional 87 shares during the last quarter. Halbert Hargrove Global Advisors LLC acquired a new stake in shares of iShares MSCI USA Momentum Factor ETF in the first quarter valued at about $33,000. Finally, Harbor Investment Advisory LLC increased its position in shares of iShares MSCI USA Momentum Factor ETF by 262.2% in the second quarter. Harbor Investment Advisory LLC now owns 163 shares of the company’s stock valued at $39,000 after acquiring an additional 118 shares during the last quarter.

iShares MSCI USA Momentum Factor ETF Stock Performance

BATS:MTUM opened at $254.42 on Wednesday. The stock’s 50-day simple moving average is $248.39 and its 200 day simple moving average is $230.56. The company has a market cap of $18.57 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.

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.