iShares MSCI USA Momentum Factor ETF $MTUM is Convergence Financial LLC’s 9th Largest Position

Convergence Financial LLC lifted its holdings in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 7.5% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 73,191 shares of the company’s stock after acquiring an additional 5,110 shares during the quarter. iShares MSCI USA Momentum Factor ETF comprises approximately 3.0% of Convergence Financial LLC’s portfolio, making the stock its 9th largest holding. Convergence Financial LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $17,589,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of the business. Bison Wealth LLC lifted its position in iShares MSCI USA Momentum Factor ETF by 4.4% during the fourth quarter. Bison Wealth LLC now owns 3,148 shares of the company’s stock valued at $651,000 after purchasing an additional 133 shares during the period. Bank of New York Mellon Corp boosted its stake in shares of iShares MSCI USA Momentum Factor ETF by 5.8% in the 1st quarter. Bank of New York Mellon Corp now owns 215,086 shares of the company’s stock worth $43,475,000 after buying an additional 11,729 shares during the last quarter. Concurrent Investment Advisors LLC grew its holdings in shares of iShares MSCI USA Momentum Factor ETF by 140.8% in the first quarter. Concurrent Investment Advisors LLC now owns 9,215 shares of the company’s stock worth $1,863,000 after acquiring an additional 5,388 shares during the period. Alpha Cubed Investments LLC grew its holdings in shares of iShares MSCI USA Momentum Factor ETF by 17.9% in the first quarter. Alpha Cubed Investments LLC now owns 2,091 shares of the company’s stock worth $423,000 after acquiring an additional 317 shares during the period. Finally, M&T Bank Corp increased its position in iShares MSCI USA Momentum Factor ETF by 18.3% during the first quarter. M&T Bank Corp now owns 77,623 shares of the company’s stock valued at $15,690,000 after acquiring an additional 12,001 shares during the last quarter.

iShares MSCI USA Momentum Factor ETF Stock Up 19.2%

iShares MSCI USA Momentum Factor ETF stock opened at $249.13 on Wednesday. The company has a market cap of $18.19 billion, a P/E ratio of 28.67 and a beta of 1.02. The business has a 50-day simple moving average of $252.60 and a two-hundred day simple moving average of $239.22. 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.