iShares MSCI USA Momentum Factor ETF $MTUM is Yeomans Consulting Group Inc.’s 6th Largest Position

Yeomans Consulting Group Inc. raised its stake in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 79.2% during the 3rd quarter, Holdings Channel.com reports. The fund owned 59,839 shares of the company’s stock after acquiring an additional 26,440 shares during the period. iShares MSCI USA Momentum Factor ETF accounts for about 5.3% of Yeomans Consulting Group Inc.’s portfolio, making the stock its 6th biggest position. Yeomans Consulting Group Inc.’s holdings in iShares MSCI USA Momentum Factor ETF were worth $15,313,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in MTUM. Envestnet Asset Management Inc. raised its holdings in shares of iShares MSCI USA Momentum Factor ETF by 9.5% in the second quarter. Envestnet Asset Management Inc. now owns 12,639,702 shares of the company’s stock valued at $3,037,545,000 after purchasing an additional 1,094,104 shares during the last quarter. CHURCHILL MANAGEMENT Corp purchased a new stake in iShares MSCI USA Momentum Factor ETF in the 2nd quarter valued at about $220,286,000. Orgel Wealth Management LLC purchased a new stake in iShares MSCI USA Momentum Factor ETF in the 2nd quarter valued at about $158,559,000. Park Avenue Securities LLC bought a new position in shares of iShares MSCI USA Momentum Factor ETF during the 2nd quarter worth approximately $109,923,000. Finally, BNP Paribas Financial Markets boosted its stake in shares of iShares MSCI USA Momentum Factor ETF by 102.6% in the 1st quarter. BNP Paribas Financial Markets now owns 642,494 shares of the company’s stock worth $129,867,000 after buying an additional 325,369 shares during the last quarter.

iShares MSCI USA Momentum Factor ETF Stock Up 22.2%

MTUM stock opened at $255.36 on Friday. The firm has a market cap of $18.64 billion, a PE ratio of 28.67 and a beta of 1.02. The business has a 50 day moving average of $250.11 and a 200-day moving average of $246.15. iShares MSCI USA Momentum Factor ETF has a 12-month low of $168.49 and a 12-month 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. MTUM was launched on Apr 16, 2013 and is managed by BlackRock.